The Foreign Direct Investment (FDI) policy of 2015 has been overridden by the new FDI policy of 2016, recently released by the Indian government, Department of Industrial Policy and Promotion (DIPP) under the Commerce and Industry ministry. The FDI policy of 2016 has been operative from the 7th of June, 2016 i.e. the date of its publication.
In the previous years, a number of policy reforms were witnessed in the following sectors: manufacturing, insurance, defence broadcasting, civil aviation, asset reconstruction companies and single brand retail trading. In order to further liberalize the Indian economy, create more employment, and increase the production of jobs, the Indian government introduced vital changes in the new FDI policy, 2016. The new policy would eradicate the imposition of various conditions earlier required for foreign investment, would initiate an increase in sector-wise caps thereby bringing more activities under automatic route.
The policy changes and reforms in the FDI policy, 2016 would give a strong impetus to the foreign investor to invest in India and give a push to the Prime Minister’s “Make in India” campaign. The services of a corporate lawyer or a legal help/advice can be sought in order to take advice/opinions relating to the policy reforms by foreign investors in India. With a pan India presence, one can easily seek assistance in Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Pune, Goa, Kolkata, Ahmedabad, Gurgaon, Noida and other places.Copyright 2022 – Helpline Law
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