https://www.taxtmi.com/circulars?id=4169 The Government permits FDI up to 100% in the tea sector, including plantations, subject to prior Central Government approval; applicable to fresh investments from the date of notification. Such investments must effect compulsory divestment of a portion of equity to an Indian partner or the Indian public within five years, and obtain prior State Government approval for any future land use change. The measure modifies Press Note No. 2 (2000 series). en-us Fri, 05 Jul 2002 00:00:00 +0530 Tue, 30 Sep 2008 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4169 The Government permits FDI up to 100% in the tea sector, including plantations, subject to prior Central Government approval; applicable to fresh investments from the date of notification. Such investments must effect compulsory divestment of a portion of equity to an Indian partner or the Indian public within five years, and obtain prior State Government approval for any future land use change. The measure modifies Press Note No. 2 (2000 series). Circulars FEMA Fri, 05 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4169