The Government has decided to amend the provisions relating to the FDI caps and routes in various sectors as under:
1. Petroleum & Natural Gas
(Petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs.) (para 6.2.4.2)
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FDI ceiling
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Route
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(a) Existing
|
49%
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Government
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(b) Proposed
|
49%
|
Automatic
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2. Commodity exchanges (para 6.2. 17.4)
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(a) Existing
|
49%(26%FDI+23%FII)
|
Government
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(b) Proposed
|
49%(26%FDI+23%FII)
|
Automatic #
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3. Power exchanges (para 6.2.19)
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(a) Existing
|
49%(26%FDI+23%FII)
|
Government
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(b) Proposed
|
49%(26%FDI+23%FII)
|
Automatic
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4. Stock exchanges, depositories and clearing corporations (para 6.2.17.6.1)
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(a) Existing
|
49%(26%FDI+23%FII)
|
Government
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(b) Proposed
|
49%(26%FDI+23%FII)
|
Automatic
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5. Asset Reconstruction Company (para 6.2.17.1)
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(a) Existing
|
74%(FDI + Fll)
|
Government :
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(b) Proposed
|
100%(FDI+FII)
|
Up to 49% Automatic 49% to 100% Government
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6. Credit Information Companies (CICs) (para 6.2.17.5)
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(a) Existing
|
49% (FDI+FII)
|
Government
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(b) Proposed
|
74%(FDI+FII)
|
Automatic
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7. Tea sector including tea plantations (para 6.2.2.1)
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(a) Existing
|
100% (divestment of 26% to Indian partner within 5 years)
|
Government
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(b) Proposed
|
100%
|
Government
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8. Single-brand product retail trading (para 6.2.1 6.4)
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(a) Existing
|
100%
|
Government
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(b) Proposed
|
100%
|
Up to 49% Automatic 49% to 100% Government ##
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# Subject to guidelines issued by Department of Consumer Affairs/FMC.
## Existing paragraphs 6.2.16.4 (2) (d) and 6.2.16.4 (3) of 'Circular 1 of 2013-Consolidated FDI Policy' will be replaced with following paragraphs:
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