Big FDI Moves For Single Brand Retail, Digital Media, Manufacturing | Read

The government today said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy. Claiming the last financial year has witnessed the largest FDI inflow, Union minister Piyush Goel, after a cabinet meeting, said, "FDI regulations have been liberalised. FDI regime has been simplified. This will also boost employment for the youth. We see an opportunity to make India a manufacturing hub."