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Revised guidelines on FDI released

In an attempt to bring in clarity in foreign direct investment (FDI) policy in the country,the government today issued the revised consolidated guidelines on FDI

Written by ENS Economic Bureau | New Delhi | Published: April 7, 2013 1:14:48 am

In an attempt to bring in clarity in foreign direct investment (FDI) policy in the country,the government today issued the revised consolidated guidelines on FDI,incorporating the changes with regard to foreign investment in multi brand retail sector and allowing Pakistan nationals to invest in the country among others.

The circular has also included policy changes in sectors like single brand retail,asset reconstruction companies,power exchanges,civil aviation,broadcasting and non-banking financial companies,effective April 5.

Last year,the government had allowed 51 per cent FDI in the multi-brand retail sector amid stiff opposition from its key allies while it also opened the door for 100 per cent investment for the single-brand retail companies.

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