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FDI policy further liberalized in key sectors - Cabinet approves amendments in FDI policy

News and Press Release - Dated:- 10-1-2018 - FDI policy further liberalized in key sectors Cabinet approves amendments in FDI policy 100% FDI under automatic route for Single Brand Retail Trading 100% FDI under automatic route in Construction Development Foreign airlines allowed to invest up to 49% under approval route in Air India FIIs/FPIs allowed to invest in Power Exchanges through primary market Definition of medical devices amended in the FDI Policy The Union Cabinet chaired by the Prime M .....

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stor friendly policy on FDI, under which FDI up to 100%, is permitted on the automatic route in most sectors/ activities. In the recent past, the Government has brought FDI policy reforms in a number of sectors viz. Defence, Construction Development, Insurance, Pension, Other Financial Services, Asset reconstruction Companies, Broadcasting, Civil Aviation, Pharmaceuticals, Trading etc. Measures undertaken by the Government have resulted in increased FDI inflows in to the country. During the year .....

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mber of amendments in the FDI Policy. Details: Government approval no longer required for FDI in Single Brand Retail Trading (SBRT) (i) Extant FDI policy on SBRT allows 49% FDI under automatic route, and FDI beyond 49% and up to 100% through Government approval route. It has now been decided to permit 100% FDI under automatic route for SBRT. (ii) It has been decided to permit single brand retail trading entity to set off its incremental sourcing of goods from India for global operations during i .....

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ter completion of this 5 year period, the SBRT entity shall be required to meet the 30% sourcing norms directly towards its India s operation, on an annual basis. (iii) A non-resident entity or entities, whether owner of the brand or otherwise, is permitted to undertake single brand product retail trading in the country for the specific brand, either directly by the brand owner or through a legally tenable agreement executed between the Indian entity undertaking single brand retail trading and t .....

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vest up to 49% under approval route in Air India subject to the conditions that: i. Foreign investment(s) in Air India including that of foreign Airline(s) shall not exceed 49% either directly or indirectly ii. Substantial ownership and effective control of Air India shall continue to be vested in Indian National. Construction Development: Townships, Housing, Built-up Infrastructure and Real Estate Broking Services It has been decided to clarify that real-estate broking service does not amount t .....

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al Requirements under FDI Policy: (i) As per the extant FDI policy, issue of equity shares against non-cash considerations like pre-incorporation expenses, import of machinery etc. is permitted under Government approval route. It has now been decided that issue of shares against non-cash considerations like pre-incorporation expenses, import of machinery etc. shall be permitted under automatic route in case of sectors under automatic route. (ii) Foreign investment into an Indian company, engaged .....

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Sector Regulator or where only part is regulated or where there is doubt regarding the regulatory oversight, foreign investment up to 100% will be allowed under Government approval route, subject to conditions including minimum capitalization requirement, as may be decided by the Government. Competent Authority for examining FDI proposals from countries of concern As per the existing procedures, FDI applications involving investments from Countries of Concern, requiring security clearance as per .....

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