9911796707
TMI BlogReview of the Policy on FDI in the Manufacture of Cigarettes EtcX X X X Extracts X X X X X X X X Extracts X X X X ..... Review of the Policy on FDI in the Manufacture of Cigarettes Etc X X X X Extracts X X X X X X X X Extracts X X X X ..... license under the Industries (Development & Regulation) Act, 1951. 2.0 Revised Position The Government of India has reviewed the extant policy and it has been decided to prohibit FDI in manufacturing of 'Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes' (Code 24.02 of Indian Trade Classification which follows the Harmonized Commodity Description and Coding Syste ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m) and to include the activity in the list of activities/sectors prohibited for FDI. 3.0 Accordingly, the following amendments are made in the Consolidated FDI Policy issued vide Department of Industrial Policy & Promotion Circular 1 of 2010 dated March 31, 2010. 3.1 Para 5.7 relating to Cigars & Cigarettes, stands deleted. 3.2 In paragraph 5.1, which lists the sectors where FDI is prohibited, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a new entry below the entry (i) is inserted as follows:
" j) Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes. "
4.0 The above decision will take immediate effect.
Department of Industrial Policy & Promotion, Ministry of Commerce & Industry
Press Note No. 2 (2010 Series), New Delhi, May 10, 2010 X X X X Extracts X X X X X X X X Extracts X X X X
|
