Review of existing sectoral policy and sectoral equity cap for Foreign Direct Investment (FDI) and investment by Non Resident Indians (NRI) / Overseas Corporate Bodies (OCB).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ing sectoral policy and sectoral equity cap for Foreign Direct Investment (FDI) and investment by Non Resident Indians (NRI) / Overseas Corporate Bodies (OCB). In pursuance of Government's commitment to liberalisting the FDI regime, Government, on review of the policy on FDI, has decided to bring about the following changes in the FDI policy : I. FDI upto 100% is allowed through the automatic ro....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....at such companies would divest 26% of their equity in favour of Indian public in 5 years, if these companies are listed in other parts of the world. b. The above services would be subject to licensing and security requirements, wherever required. c. Proposals for FDI beyond 49% shall be considered by FIPB on case to case basis. III. Payment of royalty upto 2% for exports and 1% for domestic sal....