Review of FDI Policy

The Union Cabinet has approved changes to the Foreign Direct Investment (FDI) Policy, and increased avenues and limits for foreign investment in certain sectors. These are:

– construction development projects
– civil aviation
– petroleum & natural gas
– commodity exchanges
– credit information companies
– mining
– industrial parks.

For details, see reports in Business Standard and LiveMint.

One sector that is conspicuous by its absence in the recent review is retail trade.

About the author

Umakanth Varottil

Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions and cross-border investments. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India.

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