The Department for Promotion of Industry and Internal Trade (DPIIT) has recently notified the decisions to relax FDI norms in sectors such single-brand retail trading, contract manufacturing, Digital media and Coal Mining.
With a view to further liberalise and simplify FDI Policy and attract more foreign investment in India and in order to provide greater flexibility and ease of operations for foreign entities, Government of India has approved proposal for review of FDI in the above mentioned sectors.
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NEWSFLASH – Government notifies changes in single brand retail and select sectors for FDI