(MENAFN- KNN India) With an endeavour to make India a manufacturing hub, Government today allowed 100% FDI in some sectors and also relaxed several FDI norms.
In a series of tweets, Department of Industrial Policy & Promotion (DIPP) highlighted key announcements made today.
“100% #FDI under govt approval route for trading, including through e-commerce, in respect of food products manufactured or produced in India.”
49% #FDI has been permitted through govt approval route for access to modern technology in the country or for other reasons to be recorded, DIPP said.
The condition of access to ‘state-of-art’ technology in the country has been done away with wrote DIPP.
100% #FDI in automatic route in Teleports, DTH, Mobile TV & Headend-in-the Sky Broadcasting Service(HITS), it tweeted.
74% #FDI under automatic route in brownfield pharmaceuticals and government approval route beyond 74% will continue, said DIPP.
#FDI up to 49% is now permitted under automatic route in Pvt Security Agencies & beyond 49% and up to 74% permitted with govt approval route, tweeted DIPP.
100% #FDI in Animal Husbandry(including breeding of dogs),Pisciculture, Aquaculture and Apiculture now allowed without controlled conditions.
#SingleBrandRetailTrading: It has now been decided to relax local sourcing norms up to three years; it said adding relaxed sourcing regime for another 5yrs in Single Brand Retail Trading of products having ‘state-of-art’ and ‘cutting edge’ technology.