Comments
The Cabinet Committee on Economic Affairs has approved raising the threshold limit for foreign investment proposals that need mandatory clearance of the Cabinet to ₹3,000 crore from ₹1,200 crore.
The proposal, put forward before the CCEA by the Department of Industrial Policy and Promotion (DIPP), seeks to make it easier and less bureaucratic for foreign investments to flow into the country.
Once the transaction of business rules are amended based on the CCEA decision, foreign direct investment proposals that are lower than ₹3,000 crore will only need approval from the Foreign Investment Promotion Board and the Finance Ministry.
FDI proposals that are over ₹3,000 crore will have to be referred to the CCEA for its nod.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.