Don’t miss the latest developments in business and finance.

Prime Minister raises FDI limit

Image
Capital Market
Last Updated : Jul 17 2013 | 12:20 PM IST

49% in Petroleum and Natural Gas and Refining & 100% in courier services sector

There was agreement on the following proposals:

Sector

Cap

Route

1. Petroleum and Natural Gas and Refining

49%

Also Read

Automatic

2. Commodity Exchanges

49%

Automatic

3. Power Exchanges

49%

Automatic

4. Stock Exchanges, Depositories, Corporation

49%

Automatic

5. Asset Reconstruction companies

Upto 49%

49% to 100%

Automatic

FIPB

6. Credit Information companies

74%

Automatic

7. Single Brand Retail trading

Upto 49%

49% to 100%

Automatic

FIPB

8. Basic and Cellular Services, etc.

Upto 49%

49% to 100%

Automatic

FIPB

9. Courier Services

100%

Automatic

10. Defence Production

CCS may approve proposals on case to case basis beyond 26% which are likely to result in access to modern and state of the art technology in the country.

Powered by Capital Market - Live News

More From This Section

First Published: Jul 17 2013 | 11:55 AM IST

Next Story