New Document to Streamline FDI Process
Jan. 13 – The government wants to release a single document that will streamline the foreign direct investment process by the end of March, reports The Press Trust of India.
The document will come in a single consolidated press note that will replace the currently used 177 press notes and detail sectoral caps and how foreign investments would be treated. “We have put this document for discussions with all stakeholders to invite their comment which is expected to close by January 31. By March 31, we will have a single FDI document to ensure simplification, easy comprehension and predictability,” Sharma told reporters during a Bancon conference.
The decision to simplify the FDI process should help make it easier for investors and stakeholders to enter and thrive in the Indian market.
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