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Modi government is rolling out the red carpet for foreign investors

Modi government is rolling out the red carpet for foreign investors

Thursday, April 20, 2017, 11:41 AM

The proposed dismantling of Foreign Investment Promotion Board, which vets proposals involving fund inflows from overseas, is likely to be bundled with related policy reforms. On top of the list is doing away with prior government approval for investments in most sectors, including single-brand retail, which could see dilution of the 30% domestic sourcing clause.
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