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Wednesday, July 18, 2018

Finance Minister Arun Jaitley chairs meeting on FDI policy

The government is relaxing norms to provide investor friendly climate to foreign players, and in turn attract more FDI to boost economic growth and create jobs. Foreign direct investment in the country grew by 9 per cent to USD 43.47 billion in 2016-17.

By: PTI | New Delhi | Published: August 14, 2017 2:02:54 pm
Arun Jaitley, Finance Minister Arun Jaitley, FDI, FDI Policy, India News, Indian Express News The meeting assumes significance as the government is considering to liberalise FDI policy in certain sectors such as single brand retail, multi brand retail and construction. (Express File Photo)

Finance Minister Arun Jaitley today chaired a meeting to review foreign direct investment (FDI) policy in certain sectors, sources said.

The meeting was attended by Commerce and Industry Minister Nirmala Sitharaman, Power Minister Piyush Goyal and senior officials in the Department of Industrial Policy and Promotion (DIPP), sources added.

Sources, however, remained tight-lipped about the deliberations held in the meeting. Sources said the meeting appears to be a follow up of the meeting Prime Minister had called last month on FDI policy.

The meeting assumes significance as the government is considering to liberalise FDI policy in certain sectors such as single brand retail, multi brand retail and construction.

The government is relaxing norms to provide investor friendly climate to foreign players, and in turn attract more FDI to boost economic growth and create jobs. Foreign direct investment in the country grew by 9 per cent to USD 43.47 billion in 2016-17.

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