Policy for Adequate Autonomy to Companies
The efforts of the Government have yielded results and FDI during 2014-15 is US $44,877 million as compared to US $36,046 million in 2013-14. To further boost the investment environment and to bring in foreign investments in the country, the Government has brought in FDI related reforms and liberalization. The salient measures are:
• No approval required for eligible investment in Limited Liability Partnerships.
• Special treatment applicable for investment by non-resident Indians on non-repatriation basis through companies, partnerships, trusts etc.
• No approval required for foreign investment by way of share swap; new sectors opened up for foreign investment, including plantations, duty free shops and ownership in real estate for purposes of leasing.
• Foreign shareholding limits increased in many sector including broadcasting and airline services.
• Investment in certain sectors including defence, broadcasting and airline services, now under automatic route.
• Full fungibility for portfolio investment in private banking sector.
• Conditions attached to FDI relaxed in certain sectors, including removal of restriction on e-commerce by manufacturers and removal of minimum land and capitalization requirement for construction development sector.
Present FDI Policy and other Press Notes are available at DIPP website namely http://dipp.nic.in.
This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.