Cabinet clears the way for further liberalisation of FDI policy

January 10, 2018 14:19

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a number of amendments in the Foreign Direct Investment Policy, intended to liberalise and simplify the policy so as to provide ease of doing business in the country.

The Cabinet approval will however, attract larger FDI inflow and subsequently greater growth of investment, income and employment.

FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor friendly policy on FDI, under which FDI up to 100 percent is permitted on the automatic route in most sectors/ activities.

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