Friday, March 16, 2007

Govt to review FDI regulation: Kamal Nath

The Government said it is looking at having an uniform Foreign Direct Investment (FDI) cap in different business segments within a sector as part of the review to streamline foreign investment regulations.

The same FDI limit in different segments within a sector would reduce the complexity and result in caps going up in different business area in sectors like media and aviation.

"We will see that...," Commerce and Industry Minister Kamal Nath said when asked whether the government plans to have a single FDI cap for an entire sector.

Nath said that the status review of the FDI policy and regulations was in progress to see how they can be streamlined.

Read more at Financial Express