There were some significant changes to the foreign direct investment (FDI) policy earlier this week. The Department of Industrial Policy & Promotion issued as many as six press notes on March 12, 2008 (available here).
The changes are in the following sectors:
1. Credit Information Companies;
2. Commodity Exchanges;
3. Industrial Parks;
4. Civil Aviation Sector;
5. Petroleum & Natural Gas Sector; and
6. Mining of titanium-bearing minerals and ores.
However, as Rediff Money notes, there was no liberalisation on the foreign investment policy in the real estate sector despite anticipation on that front.
Further there is no change in the Government’s policy on FDI in retail, as confirmed by Livemint.
http://www.livemint.com/2008/03/14161927/No-FDI-in-retail-sector-Govt.html