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There was agreement on the following proposals:
Sector | Cap | Route |
1. Petroleum and Natural Gas and Refining | 49% | Automatic |
2. Commodity Exchanges | 49% | Automatic |
3. Power Exchanges | 49% | Automatic |
4. Stock Exchanges, Depositories, Corporation | 49% | Automatic |
5. Asset Reconstruction companies | Upto 49% 49% to 100% | Automatic FIPB |
6. Credit Information companies | 74% | Automatic |
7. Single Brand Retail trading | Upto 49% 49% to 100% | Automatic FIPB |
8. Basic and Cellular Services, etc. | Upto 49% 49% to 100% | Automatic FIPB |
9. Courier Services | 100% | Automatic |
10. Defence Production | CCS may approve proposals on case to case basis beyond 26% which are likely to result in access to modern and state of the art technology in the country.
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(Release ID :97252)
Foreign direct investment caps and approval routes clarified, specifying automatic entry for many sectors and case-by-case clearance where needed. Foreign direct investment policy sets sectoral caps and classifies approval routes: specified sectors are subject to explicit share limits and either the automatic route or require consideration by the investment approval authority, with defence production beyond the lower threshold eligible for case-by-case approval when it offers access to modern technology.
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