In order to boost the sagging economy the Indian government has Opened the doors to foreign investments, the government liberalised FDI limits in a dozen sectors. It has planned for 100 per cent in telecom and higher limits in ‘state-of-the-art’ defence manufacturing, to boost the sagging economy.
FDI of up to 100 per cent was allowed in courier services under automatic route.
While the FDI cap in defence sector remained unchanged at 26 per cent, higher limits of foreign investments in ‘state-of-the-art’ technology manufacturing will be considered by the Cabinet Committee on Security, Commerce and Industry Minister Anand Sharma said.
In the contentious insurance sector, it was decided to raise the sectoral FDI cap from 26 per cent to 49 per cent under automatic route under which companies investing do not require prior government approval. A Bill to raise FDI cap in the sector is pending in the Rajya Sabha.
16/07/13 Ziaulla Namani/Invest In India
To Read the News in full at Source, Click the Headline
FDI of up to 100 per cent was allowed in courier services under automatic route.
While the FDI cap in defence sector remained unchanged at 26 per cent, higher limits of foreign investments in ‘state-of-the-art’ technology manufacturing will be considered by the Cabinet Committee on Security, Commerce and Industry Minister Anand Sharma said.
In the contentious insurance sector, it was decided to raise the sectoral FDI cap from 26 per cent to 49 per cent under automatic route under which companies investing do not require prior government approval. A Bill to raise FDI cap in the sector is pending in the Rajya Sabha.
16/07/13 Ziaulla Namani/Invest In India
