Mapping of FDI Policy Paras with NIC Code 2008
Government of India has put in place a liberal policy for foreign direct investment (FDI) under which FDI up to 100% is permitted through the automatic route in most of the sectors/ activities but some sectors require prior Government approval for infusing FDI with sector specific conditions. In the last one year Department of Industrial Policy & Promotion (DIPP) embarked upon a number of initiatives with the objective of improving ease of doing business and simplifying the investment process. Further, in this regard, the DIPP has now initiated an exercise for preparation of identifying applicability of the FDI Policy para as per each identified activity provided in National Industrial Classification Code 2008 to provide greater clarity and simplicity to foreign investors. Under this exercise codification had been started off with the NIC-2008 code book indicating against each entry as to whether FDI is allowed therein, and if so, it is on Automatic or Approval route along with Para no. of FDI policy.
A draft list prepared in this regard by DIPP is as under. The comments and suggestions from the stakeholders/ investors are welcome for the improvement, if any, latest by 20th November, 2015. The comments may be sent to FDI Data Cell, Room no. 363, Department of Industrial Policy & Promotion (DIPP), Udyog Bhavan, New Delhi-110001 and/ or through email (email@example.com) with a copy to Mrs. Reetu Jain, Director, DIPP [firstname.lastname@example.org]
Click for mapping list :Mapping of the FDI Policy Paras with NIC Code 2008