Withdrawing the condition of dividend balancing on all foreign investment

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f dividend balancing on all foreign investment approvals except for 22 specified industries in the consumer goods sector. The Government have further reviewed the applicability of dividend balancing and have decided that where dividend balancing was not applied in the first instance as per the then prevalent policy, it would be applicable in the case of subsequent infusion of foreign equity only t....