Government May Further Ease FDI Norms


Government May Further Ease FDI Norms

After allowing foreign players to invest up to 49 per cent via the primary market in power exchanges, the government may raise the ceiling for single-player foreign investment in the sector from five per cent to 15 per cent.

“The finance ministry was earlier reluctant to the idea of raising the cap on individual investors. However, now that the market is maturing, it is reconsidering the proposal and is already taking consultation from the Central Electricity Regulatory Commission,” said a senior official from the finance ministry.
The proposal was raised earlier also but the government was not keen considering low trade volumes and large regulatory compliance. Now that the market is getting bigger, it makes more sense. Read More…

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