For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Govt liberalises FDI limits in 12 sectors

By Super
|
Govt liberalises FDI limits in 12 sectors
New Delhi: Following decisions on FDI limits were taken at a meeting chaired by Prime Minister Manmohan Singh.
 

* FDI cap in telecom raised to 100 percent from 74 percent; up to 49 percent through automatic route and beyond via FIPB

* No change in 49 percent FDI limit in civil aviation

* FDI cap in defence production to stay at 26 percent, higher investment may be considered in state-of-the-art technology production by CCS.

* 100 percent FDI allowed in single brand retail; 49 percent through automatic, 49-100 percent through FIPB

* FDI limit in insurance sector raised to 49 percent from present 26 percent, subject to Parliament approval

* FDI up to 49 percent in petroleum refining allowed under automatic route, from earlier approval route

* In power exchanges 49 percent FDI allowed through automatic route, from earlier FIPB route.

* Raised FDI in asset reconstruction companies to 100 percent from 74 percent; of this up to 49 percent will be under automatic route

* FDI limit increased in credit information companies to 74 percent from 49 percent

* FDI up to 49 percent in stock exchanges, depositories allowed under automatic route

* FDI up to 100 percent through automatic route allowed in courier services

* FDI in tea plantation up to 49 percent through automatic route; 49-100 percent through FIPB route

* No decision taken on FDI cap in airports, media, brownfield pharma and multi-brand retail.

PTI

Read more about: fdi manmohan singh telecom
Story first published: Wednesday, July 17, 2013, 9:10 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more