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FDI in India 2013
FDI in India 2013
Earlier, similar amount of investment was allowed through FIPB route. In credit information
firms 74 per cent FDI under automatic route would be allowed.
Highlights:
* FDI cap in telecom raised to 100% from 74%; up to 49% through automatic route and beyond
via FIPB
* No change in 49% FDI limit in civil aviation
* FDI cap in defence production to stay at 26%, higher investment may be considered in state-ofthe-art technology production by CCS.
* 100% FDI allowed in single brand retail; 49% through automatic, 49-100% through FIPB
* FDI limit in insurance sector raised to 49% from present 26%, subject to Parliament approval
* FDI up to 49% in petroleum refining allowed under automatic route, from earlier approval
route
* In power exchanges 49% FDI allowed through automatic route, from earlier FIPB route.
* Raised FDI in asset reconstruction companies to 100% from 74%; of this up to 49% will be
under automatic route
* FDI limit increased in credit information companies to 74% from 49%.
* FDI up to 49% in stock exchanges, depositories allowed under automatic route
* FDI up to 100% through automatic route allowed in courier services
* FDI in tea plantation up to 49% through automatic route; 49-100% through FIPB route
* No decision taken on FDI cap in airports, media, brownfield pharma and multi-brand retail.