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of <h1>India Updates FDI Policy: Defines 'Manufacture', Expands Automatic FDI in Manufacturing, and Revises LLP and Sector Regulations.</h1> The Government of India has revised its Foreign Direct Investment (FDI) policy across various sectors. Key amendments include defining 'manufacture' and allowing automatic FDI in the manufacturing sector. FDI in Limited Liability Partnerships (LLPs) is permitted under certain conditions. The policy outlines control definitions for companies and LLPs, and stipulates ownership criteria for Indian entities. Changes in downstream investment regulations require notification to relevant authorities. FDI is allowed in sectors like defense, telecommunications, and aviation, with specific caps and entry routes. The policy also addresses single-brand retail, construction development, and duty-free shops, emphasizing compliance with local laws and sector-specific guidelines.
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