September 2019 \ Business & Investment \ FDI REFORMS
FDI reforms: Coal mining to digital media

In a major reform push, the Union Cabinet ...

In a major reform push, the Union Cabinet in August eased foreign direct investment (FDI) norms in several sectors, including approval of 100 per cent FDI in coal mining and contractual manufacturing. In another major development, the cabinet, in its meeting also decided to allow 26 per cent FDI in the digital media segment through the approval route. “It has been decided to permit 100 per cent FDI under automatic route for sale of coal, for coal mining activities including associated processing infrastructure subject to provisions of Coal Mines Act, 2015 and the Mines and Minerals Act, 1957,” an official statement said. “Associated processing infrastructure” would include coal washeries, crushing, coal handling, and separation (magnetic and non-magnetic).




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