<h1>Government Approves 100% FDI for Port Development; Streamlined Security Clearance for Foreign Developers.</h1> The government has approved 100% Foreign Direct Investment (FDI) under the automatic route for port development projects. The Maritime Agenda 2010-2020 aims to increase port capacity to over 3130 Million Tonnes by 2020, up from 780.29 Million Tonnes as of December 2013. Income tax incentives are available for port project development under the Income Tax Act, 1961. Security clearance procedures for foreign developers have been streamlined, requiring approval from the Ministry of Home Affairs, Ministry of External Affairs, and Ministry of Defence.