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This is an archive article published on November 4, 2008

India to further ease FDI rules: Kamal Nath

India will further ease FDI rules, including those relating to defence production, Nath said.

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India will further ease foreign investment rules, including those relating to defence production, Commerce and Industry Minister Kamal Nath said on Tuesday.

He did not name the other sectors where foreign investment rules could be relaxed, but said the cabinet would consider the issue soon.

Nath added that during the April-September period of the current fiscal year foreign direct investment inflows rose 137 per cent from the same period a year earlier to $17.21 billion.

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