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of <h1>New Guidelines for FDIs in SEZs: 100% FDI Allowed, Promoters Must Retain 51% Equity, Approval Needed for Reduction.</h1> The circular from the Ministry of Commerce and Industry, dated July 16, 2009, outlines guidelines for Foreign Direct Investments (FDIs) in Special Economic Zones (SEZs). It states that 100% FDI is allowed through the automatic route. However, as per the decision from the Board of Approvals meeting on January 15, 2009, promoters must maintain a minimum equity of 51%. If a promoter wishes to reduce their shareholding below this threshold, they must obtain prior approval from the Board of Approvals. The circular is addressed to all Development Commissioners, developers, and co-developers.
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