The Tenth Plan document, to be adopted by a full meeting of Planning Commission chaired by Prime Minister Atal Bihari Vajpayee tomorrow, has advocated caution in liberalising foreign direct investment (FDI) norms.
Surprisingly, the FDI issue did not find significant mention in the approach paper to the Plan.
While the Plan draft had welcomed FDI in general, it said a special and differentiated investment regime for foreign investors might do more harm than good.
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The sectoral caps, as recommended by the steering committee led by Planning Commission member N K Singh, will not find mention in the Plan document.
Though the committee was one of the several steering groups set up by Yojana Bhawan to provide inputs for the Tenth Plan, officials said it was not necessary that the committees observations be taken on board.