Cabinet approves composite foreign investment cap
Updated: Jul 16, 2015 04:28:03pm
New Delhi, July 16 (KNN) With the view to simplify the Foreign Direct Investment (FDI) regime, the government today introduced a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits.
“One of the most important decisions in relation to the investment is the introduction of composite caps for simplification of foreign direct investments,” Finance Minister Arun Jaitley told reporters after a cabinet meeting.
Under the existing policy, there are different caps for separate investment categories like FDI, FII and NRIs.
The proposal would help remove ambiguity on application of sectoral caps, conditions and approval requirements in different sectors and simplify the foreign investment policy.
The ministry has proposed a composite foreign investment cap across sectors, including agriculture, tea, mining, broadcasting, media, airports, retail (single brand and multi-brand), e-commerce, asset reconstruction companies, banking, commodity exchanges and insurance. (KNN Bureau)
“One of the most important decisions in relation to the investment is the introduction of composite caps for simplification of foreign direct investments,” Finance Minister Arun Jaitley told reporters after a cabinet meeting.
Under the existing policy, there are different caps for separate investment categories like FDI, FII and NRIs.
The proposal would help remove ambiguity on application of sectoral caps, conditions and approval requirements in different sectors and simplify the foreign investment policy.
The ministry has proposed a composite foreign investment cap across sectors, including agriculture, tea, mining, broadcasting, media, airports, retail (single brand and multi-brand), e-commerce, asset reconstruction companies, banking, commodity exchanges and insurance. (KNN Bureau)
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