May 2017 \ News \ Column
New FDI Road To Make In India

As a part of economic liberalization, India brought forth economic reforms during 1966 and 1985 in the crude form and 1991 in relatively refined form.

Application  for all FDI cases  except  non-resident  India Investment, 100% Export  Oriented Units (EOUs)  should be submitted  to FIPB  unit  Department of Economic  Affairs (DEA),  Ministry of  Finance.  Now resident Indian and 100% EOUs, can submit their application to Secretariat for Industrial Assistance (SIA) in Department of Industrial Policy and Promotions (DIPP).

Although the new FDI policy allows 100% investment in many sectors but has restricted in few sector.  These sectors are detailed under. 

Sectors which allow 100% investments through Automatic Routes: The  new Foreign Policy  which  introduced in July, 2016, introduced  sector  which allow  100% investment  through automatic  route. They are the following:

1)    Agriculture & Animal Husbandry

2)    Plantation Sector

3)    Mining and Petroleum and Natural Gas excluding Titanium

4)    Petroleum and Natural Gas (Conditions apply)

5)    Broadcasting  content  services (conditions apply)

6)    Airports (Conditions apply)

7)    Air Kansas port Services

8)    Other services under Civil Aviation Sector

9)    Construction Development, Townships, housing, built up infrastructure

10)    Industrial Parks

11)    Trading

Tags: Mr K K Anand