NEW DELHI: India on Monday further liberalised its foreign direct investment norms. A snapshot of existing and new provisions:
Earlier: FDI under automatic route for 100 per cent in greenfield and 74 per cent in brownfield airport projects.
Now: FDI of 100 per cent in brownfield airport projects also allowed under automatic route.
FDI of 49 per cent under automatic route and above this through
government approval on case-by-case basis when it is likely to result in
access to modern and "state-of-the-art" technology.
beyond 49 per cent permitted through government approval route. The
condition of access to "state-of-the-art" technology in the country has
been done away with. Policy also applicable to small arms and
*Single Brand Retail Trading
Earlier: FDI of up to 100 per cent allowed with local sourcing condition of 30 per cent.
Local sourcing norms relaxed up to three years, and general sourcing
regime for another five years, for entities trading in products with
"state-of-art" and "cutting edge" technologies.
Earlier: FDI of 100 percent under automatic route only for manufacturing and processing.
FDI of 100 per cent under government approval route for trading of food
products manufactured or produced in India, including through
Earlier: 100 per cent FDI
under automatic route in greenfield pharma projects and up to 100 per
cent under government approval in brownfield projects.
Now: Brownfield projects, too, under automatic route for up to 74 per cent.
Earlier: 49 per cent FDI under government approval route.
FDI up to 49 per cent under automatic route, and FDI beyond 49 per cent
and up to 74 per cent via government approval route.
Earlier: FDI of 100 per cent under automatic route under "controlled" conditions.
Now: The "controlled condition" norms done away with.
*Broadcasting Carriage Services
FDI for direct-to-home, mobile TV, head-end in the sky and cable
networks of up to 49 per cent under automatic route and up to 74 per
cent under government route.
Now: 100 percent FDI under automatic route.