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Sunday, January 26
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Government’s big FDI push: Allows 100% FDI in defence


Mangalore Today News Network

June 20, 2016: In the latest, government has announced a series of big changes in the FDI norms for single brand retail, civil aviation, airports, pharmaceuticals and animal husbandry.

 

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The government has allowed 100 percent in aviation policy for scheduled carriers. 49 percent FDI has been permitted under the automatic route.

100 percent FDI has been approved in the broadcasting carriage services.

Foreign investment in greenfield pharma projects has been approved 100 percent and 74 percent in brownfield projects. 100 percent FDI has been announced in the defence sector.

Relaxation in FDI norms will help foreign defence companies and entry of Apple Retail in India.


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