TMI BlogRevision of existing sectoral guidelines and equity cap on Foreign Direct Investment (FDI), including investment by Non Resident Indians (NRIs) and Overseas Corporate Bodies (OCBs)X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Subject : Revision of existing sectoral guidelines and equity cap on Foreign Direct Investment (FDI), including investment by Non Resident Indians (NRIs) and Overseas Corporate Bodies (OCBs) With a view to further liberalising the FDI regime, Government have effected the following changes in the FDI policy: i. FDI up to 100% is permitted on the automatic route for manufacture of drugs and pha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... level urban infrastructure facilities such as roads and bridges, mass rapid transit systems; and manufacture of building materials. Development of land and providing allied infrastructure will form an integral part of township's development, for which necessary guidelines/norms relating to minimum capitalisation, minimum land area, etc., will be notified separately by the Government. FDI in this s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... requirements: a. Internet service providers with gateways; b. Radio paging; and c. End-to-end bandwidth Proposals with FDI beyond 49% shall require prior Government approval. x. FDI up to 49% from all sources is permitted in the banking sector on the automatic route subject to conformity with guidelines issued by RBI from time to time. 2. The provisions of Press Note No. 2 of 2000 stand modif ..... X X X X Extracts X X X X X X X X Extracts X X X X
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