Foreign investment policy sets sectoral FDI limits and routes for retail, aviation, broadcasting and power exchanges. The circular revises sectoral FDI entry and ownership ceilings: 100% FDI by a single non resident in Single Brand Product Retail Trading under the Government route; 51% in Multi Brand Retail Trading under the Government route; 49% foreign airline ownership in Indian aviation companies under the automatic/Government route; reviewed FDI parameters for Broadcasting Carriage Services under automatic/Government route; and 49% in Power Exchanges registered under CERC regulations under the Government route. AD Category I banks are to notify customers; Press Notes are enclosed and FEMA amendments will be notified separately.
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Foreign investment policy sets sectoral FDI limits and routes for retail, aviation, broadcasting and power exchanges.
The circular revises sectoral FDI entry and ownership ceilings: 100% FDI by a single non resident in Single Brand Product Retail Trading under the Government route; 51% in Multi Brand Retail Trading under the Government route; 49% foreign airline ownership in Indian aviation companies under the automatic/Government route; reviewed FDI parameters for Broadcasting Carriage Services under automatic/Government route; and 49% in Power Exchanges registered under CERC regulations under the Government route. AD Category I banks are to notify customers; Press Notes are enclosed and FEMA amendments will be notified separately.
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