Union Cabinet has eased foreign direct investment(FDI) norms for various industries such as single-brand retail, coal mining, contract manufacturing and digital media. The changes in FDI policy will result in making India a more attractive FDI destination which may lead to increased investments,employment and growth. Single brand Retail sector:Currently,the FDI policy says that a single… Continue reading Cabinet eases FDI rules in retail, media
Tag: SINGLE BRAND RETAIL
Cabinet to consider relaxing FDI norms in single brand retail, digital media
The Union Cabinet is considering proposal to relax foreign direct investment (FDI) norms in several sectors. The sectors include (a)single-brand retail (b)digital media (c)coal mining and (d)contract manufacturing. In the existing FDI policy,100% foreign direct investment is permitted in the manufacturing sector under the automatic route.But the policy does not talk about contract manufacturing. Similarly,the… Continue reading Cabinet to consider relaxing FDI norms in single brand retail, digital media
