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of <h1>Foreign Direct Investment in IT Sector Now Easier with Automatic Approval, Excluding B2C E-commerce Ventures in India.</h1> The guidelines allow automatic approval for foreign direct investment (FDI) in the Information Technology sector, excluding Business-to-consumer (B2C) e-commerce. Previously, automatic approval was not available for entities with past joint ventures or technology agreements in the same field in India. To simplify procedures and encourage investment in the IT sector, this condition has been removed, allowing immediate exemption from the previous restrictions.
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