Cabinet approves amendments in FDI policy
10 January, 2017
Foreign Direct Investment
(FDI) is a major driver of economic growth for all countries. It is a
source of non-debt finance also. Government
of India has put in place an investor friendly policy on FDI, under which FDI
up to 100%, is permitted on the automatic route in most sectors/ activities.
highlights
- 100% FDI under automatic route for Single Brand Retail Trading
- 100% FDI under automatic route in Construction Development
- Foreign airlines allowed to invest up to 49% under approval route in Air India
- FIIs/FPIs allowed to invest in Power Exchanges through primary market
- Definition of ‘medical devices’ amended in the FDI Policy
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