Originally published January 20th 2013
The sixth edition of the strengthened FDI policy will be issued
by the Department of Industrial Policy and Promotion (DIPP) on
March 31 which will integrate all the revolutionizes made in the
system over the past one year.
"The next edition of the strengthened FDI Policy Circular is
programmed to be released on March 31, 2013, and will be efficient
from April 1," the Department of Industrial Policy and
Promotion (DIPP) said. The DIPP is the nodal agency on FDI
associated matters. With a vision to create India's FDI rule
simple and easy to recognize for investors, the department had
assembled all the allied policies into a single document. The DIPP
has requested public comments on the document by tomorrow.
Foreign direct investment (FDI) is measured decisive for economic
development of a country and India has taken quite a few steps to
draw such funds. The government has permitted FDI in multi-brand
retail, power exchanges and increased FDI limit in single brand
retail and broadcasting.
In the first 10 months of present financial year, foreign direct
investment (FDI) dealt by 33 per cent to $21 billion as in
opposition to $31 billion in the similar period last year due to
the worldwide economic uncertainties.
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