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TMI BlogReview of the policy on Foreign Direct Investment (FDI)-Caps and routes in various sectorsX X X X Extracts X X X X X X X X Extracts X X X X ..... ion FDI Cap Entry Route 100% Government b) Revised Position FDI Cap Entry Route No Change No change Note: Besides the above, FDI is not allowed in any other plantation sector/activity. The following clause (i) under 'Other conditions' listed in paragraph 6.2.2.2 is deleted: "(i) Compulsory divestment of 26% equity of the company in favour of an Indian partner/Indian public within a period of 5 years." 1.2 Petroleum and Natural Gas (paragraph 6.2.4.2): Petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs a) Present Position ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly by the Department of Defence Production (DoDP) from the point of view particularly of access to modern and 'state-of-art' technology. (xviii) Based on the recommendation of the DoDP and FIPB, approval of the Cabinet Committee on Security (CCS) will be sought by the DoDP in respect of cases which are likely to result in access to modern and 'state-of-art' technology in the country. (xix) Proposals for FDI beyond 26% with proposed inflow in excess of Rs. 1200 crores, which are to be approved by CCS will not require further approval of the Cabinet Committee of Economic Affairs (CCEA). 1.4 Courier Services (paragraph 6.2.10): a) Present Position FDI Cap Entry Route 100% Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nfrastructure provider............ (c)..............................................................Mail. Note: Investment..............................world. 100% Automatic up to 49% Government route beyond 49%. b) Revised Position 6.2.15 FDI Cap Entry Route Telecom Services (including Telecom Infrastructure Providers Category-I) All telecom services including Telecom Infrastructure Providers Category-I, viz. Basic, Cellular, United Access Services, Unified license (Access services), Unified License, National/ International Long Distance, Commercial V-Sat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 (2) (d) "Only one non-resident entity, whether owner of the brand or otherwise, shall be permitted to undertake single brand product retail trading in the country, for the specific brand, through a legally tenable agreement, with the brand owner for undertaking single brand product retail trading in respect of the specific brand for which approval is being sought. The onus for ensuring compliance with this condition shall rest with the Indian entity carrying out single-brand product retail trading in India. The investing entity shall provide evidence to this effect at the time of seeking approval, including a copy of the licensing/franchise/sub-licence agreement, specifically indicating compliance with the above condition." 6.2.16. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... would be made to the Secretariat for Industrial Assistance (SIA) in the Department of Industrial Policy and Promotion. The applications would specifically indicate the product/product categories which are proposed to be sold under a "Single Brand". Any addition to the product/product categories to be sold under "Single Brand" would require a fresh approval of the Government. In case of FDI upto 49% the product/product categories proposed to be sold except food products would be provided to the RBI." 1.8 Asset Reconstruction companies(paragraph 6.2.17.1): Asset Reconstruction Company" (ARC) means a company registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be subject to the guidelines of the Department of Consumer Affairs/Forward Markets Commission (FMC)." 1.10 Credit Information companies (paragraph 6.2.17.5.1): a) Present Position FDI Cap Entry Route 49% (FDI + FII) Government (for FDI) b) Revised Position FDI Cap Entry Route 74% (FDI + FII) Automatic Clause (3) under 'Other conditions' listed in paragraph 6.2.17.5.2 is revised as under: a) Present Position: Investment by a registered FII under the Portfolio Investment Scheme would be permitted up to 24% only in the CICs listed at the Stock Exchanges, within the overall limit of 49% for foreign investment. b) Rev ..... X X X X Extracts X X X X X X X X Extracts X X X X
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