(MENAFN- KNN India) Foreign Direct Policy (FDI) is reviewed on an ongoing basis, with a view to making it more investor friendly. Significant changes are made in the FDI policy regime, from time to time, to ensure that India remains increasingly attractive and investor-friendly, Parliament was informed today.
Minister of State (Independent Charge) in the Ministry of Commerce & Industry Nirmala Sitharaman today said in a written reply in Rajya Sabha that, "Government plays an active role in investment promotion, through dissemination of information on the investment climate and opportunities in India and by advising prospective investors about investment policies and procedures and opportunities."
FDI up to 100 per cent is allowed on the automatic route in most sectors/activities subject to applicable laws/ regulations; security and other conditionalities.
Further, in various sectors, it is allowed up to the different limits, varying from 20 per cent to 100 per cent, subject to prescribed conditions. The detailed information is available in 'Consolidated FDI Policy Circular of 2015' at this Department's website (www.dipp.nic.in).
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.