of Industrial Policy & Promotion, Government of India has issued the
revised Consolidated FDI Policy by way of Circular 1
of 2013, which came into effect on April 1, 2013. This is pursuant to the
Government’s policy adopted a couple of years ago to update the FDI policy
periodically (now annually) such that it is available on a consolidated basis.
incorporates all the changes made in the FDI regime in the last 12 months.
Notable among those relate to the retail sector (both multi-brand and
single-brand) and the aviation sector.
While the practice of
consolidation is welcome, the specific changes made in the current policy are
not evident from the text, and it would be necessary to compare with the
various press notes issued over the last year. It would help if those changes
are highlighted in this document or a separate note, which would make the
policy more user-friendly.