Ministry of Commerce and Industry, has released the first draft consolidation of all the aspects of FDI Policy and FDI Framework.
Such consolidation would ensure the availability of all information on FDI policy at one place, and is expected to lead to: simplification of the policy; greater clarity of understanding of foreign investment rules among foreign investors and sectoral regulators, as also predictability of policy and added that having a single policy platform would also ease the regulatory burden for Government.
The document released today would be open for comments until the 31st of January, 2010 and all comments received until that date will be considered before the final document is prepared. The final document would be released on 31st March / 1st April, 2010. As a novel measure, this Press Note/ Government Order would have a sunset clause of six months. This would imply that the work of reviewing this Press Note/Government Order would need to be undertaken every six months, so that FDI policy is continuously reviewed.
Click the title for the first draft of the FDI Regulatory Framework.
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