https://www.taxtmi.com/circulars?id=4362 The consolidated policy prescribes sectoral FDI caps, entry routes (Automatic or FIPB) and specific conditions for permitted activities, while identifying a limited list of prohibited sectors. Many sectors permit up to 100% foreign equity on the automatic route subject to licensing and sectoral statutes; several key sectors (defence, banking, insurance, telecom, broadcasting, aviation, real estate development, commodity exchanges and certain financial services) are subject to capped foreign participation and additional conditions such as divestment to Indian partners/public, minimum capitalization norms, licensing, and security clearances. Prior government approval is required in prescribed circumstances. en-us Mon, 16 Jun 2008 00:00:00 +0530 Fri, 23 Jan 2009 23:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4362 The consolidated policy prescribes sectoral FDI caps, entry routes (Automatic or FIPB) and specific conditions for permitted activities, while identifying a limited list of prohibited sectors. Many sectors permit up to 100% foreign equity on the automatic route subject to licensing and sectoral statutes; several key sectors (defence, banking, insurance, telecom, broadcasting, aviation, real estate development, commodity exchanges and certain financial services) are subject to capped foreign participation and additional conditions such as divestment to Indian partners/public, minimum capitalization norms, licensing, and security clearances. Prior government approval is required in prescribed circumstances. Circulars FEMA Mon, 16 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4362