FDI policy for various sectors reviewed
Commercial
The Department of Industrial Policy and Promotion released measures to invite Foreign Direct Investment in 15 key sectors of the economy. Included in the list are agriculture, defence, aviation, construction and single brand retail. The reforms aim to simplify and rationalise the process of foreign investment and reduce the need to seek Government intervention or approval for investment. Amongst other proposals, the reforms raise the limit of the Foreign Investment Promotion Board from Rs.3,000 crores to Rs.5,000 crores and seek enhancement in sectoral investment caps to avoid fragmented ownership of entities.
Tags : FOREIGN INVESTMENT EASE DOING BUSINESS
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