Review of the policy on foreign direct investment in the manufacture of Cigarettes etc.

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..... 1.0 The Present Position The present policy of Government of India permits 100% Foreign Direct Investment (FDI) under Government route i.e. with prior approval of Foreign Investment Promotion Board (FIPB) in the manufacture of Cigars Cigarettes, subject to obtaining industrial license under the Industries (Development Regulation) Act, 1951. 2.0 Revised Position The Government of In .....

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