The Commerce and Industry Ministry on Monday released the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year.
The Department of Industrial Policy and Promotion (DIPP) said the new “circular will take effect” from Monday. The consolidated policy is a compilation of the various decisions taken by the government in the past one year.
The DIPP, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand.
Investors would otherwise have to go through various press notes issued by the department, and the RBI regulations to understand the policy. The government updates the policy every year.
The whole exercise is aimed at providing an investor friendly climate to foreign players and, in turn, attract more FDI to boost economic growth and create jobs. Read More…