August 30, 2019
On August 28th, 2019 the Union Cabinet chaired by Prime Minister Shri Narendra Modi approved a proposal for review of the Foreign Direct Investment (“FDI”) policy. The proposed changes in the policy will result in easing the FDI rules for various sectors such as coal mining, contract manufacturing, single-brand retail trading media, etc. Further, it is expected that the changes in the FDI policy will result in making India a more lucrative investment destination and accelerate the economic development and progress of the Indian economy. In light of the above, some of the proposed changes in the FDI policy are enumerated herein below:
The aim behind the said amendments is to liberalize and simplify the foreign direct investment (FDI) policy to further promote the goal of ease of doing business in India and lead to larger FDI inflows thereby contributing to the growth of investment, income, and employment in the country.
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The economic development of India has witnessed a significant boom and by infusion of foreign direct investments from all across theView More
Foreign Direct Investment (“FDI”) refers to the investment made by an individual, company, or entity from one country into anotherView More
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