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Protection to Domestic/Traditional Industries

Dated:- 7-8-2015 - Activities of multinational and foreign companies are governed by the FDI policy contained in the Consolidated FDI policy circular 2015 and Foreign Exchange Management Act (FEMA), 1999, as amended from time to time. In order to safeguard domestic and traditional industries, certain sectors/ activities are not open to ownership and control by non-residents. Further, investment in a number of sectors/ activities can be made only after government approval. Still, FDI in a number .....

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