A 100 percent foreign direct investment (FDI) in defence, food processing and civil aviation has become a reality. A high-level meeting chaired by Prime Minister Narendra Modi on Tuesday also allowed the raising of FDI caps in mobile carriage services and pharmaceutical production.
In the last two years, the Government effected major FDI policy reforms in a number of sectors. These measures have resulted in increased FDI inflows of US$ 55.46 billion in the financial year 2015-16. This is the highest ever FDI inflow for a particular financial year. However, it is felt that the country has the potential to attract far more foreign investment which can be achieved by further liberalizing and simplifying the FDI regime. NaMo's India is now rated as Number 1 FDI Investment Destination by several International Agencies.
The latest policy liberalizations may inject massive investments in the targeted sectors and create millions of fresh jobs. They may also help the country become a major defence production hub.
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Major FDI boosts to defence and other sectors
By IndianMandarins - 2016-06-20 16:35:35
A 100 percent foreign direct investment (FDI) in defence, food processing and civil aviation has become a reality. A high-level meeting chaired by Prime Minister Narendra Modi on Tuesday also allowed the raising of FDI caps in mobile carriage services and pharmaceutical production.
In the last two years, the Government effected major FDI policy reforms in a number of sectors. These measures have resulted in increased FDI inflows of US$ 55.46 billion in the financial year 2015-16. This is the highest ever FDI inflow for a particular financial year. However, it is felt that the country has the potential to attract far more foreign investment which can be achieved by further liberalizing and simplifying the FDI regime. NaMo's India is now rated as Number 1 FDI Investment Destination by several International Agencies.
The latest policy liberalizations may inject massive investments in the targeted sectors and create millions of fresh jobs. They may also help the country become a major defence production hub.
