18 January 2018 Indian Government liberalizes Foreign Direct Investment policy in key sectors The Union Cabinet of India has approved the liberalization of the Foreign Direct Investment (FDI) Policy (the FDI Policy) in key sectors, such as single brand retail trading, construction development, and civil aviation through a press release issued on January 10, with the intent to attract higher FDI inflows and to promote ease of doing business in India. The changes will be effective upon issuance of formal press notes and notifications under the Foreign Exchange Management Act, 1999, which is expected shortly and may also provide detailed guidelines. Document ID: 2018-0122 |
