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Cabinet approves proposal for Review of FDI policy on various sectors

The Union Cabinet has approved the proposal for Review of Foreign Direct Investment (FDI) on various sectors.

Major Impact and Benefits from FDI Policy Reform

  1. The changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased investments, employment and growth.
  2. In the coal sector, for sale of coal, 100% FDI under automatic route for coal mining, activities including associated processing infrastructure will attract international players to create an efficient and competitive coal market.
  3. Further, manufacturing through contract contributes equally to the objective of Make in India. FDI now being permitted under automatic route in contract manufacturing will be a big boost to Manufacturing sector in India.
TAGS #FDI #MII
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