Profit

Government liberalises FDI policy to boost inflows

PUBLISHED ON: March 31, 2011 | Duration: 2 min, 18 sec

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The government has released an updated foreign direct investment (FDI) policy that simplifies joint venture norms and opens up new areas for overseas funds. The new rules have relaxed conditions for the foreign joint ventures. Now overseas companies will not require an approval of their existing Indian partner before forming an alliance in the same field.
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