Govt to revisit FDI caps in different sectors: Finance Minister

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Govt to revisit FDI caps in different sectors: Minister
Finance Minister P Chidambaram has said that FDI limits in sectors where ceilings are not serving their intended purpose will be revisited.

Speaking at a meeting of the Parliamentary Consultative Committee of the Ministry of Finance, Chidambaram said, "The government is looking at FDI caps to see if they are indeed serving the purpose. Otherwise, the caps could be revisited."

The agenda for the meeting was 'The Current Account Deficit- Implications and Measures to Contain the Deficit.'

Government is keen on increasing foreign direct investment (FDI) ceilings to attract more inflows and finance the widening current account deficit (CAD).

Read more about: fdi, chidambaram
Story first published: Tuesday, June 18, 2013, 9:21 [IST]
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