FDI policies might see some relaxation in coming months

India’s foreign direct investment (FDI) policy might be eased by the government in coming months. The change is expected to happen in policies pertaining to several sectors, including single brand retail.

The changes would be introduced to better the business environment in the country, as announced by Finance Minister Arun Jaitley in the fiscal budget.

Also Read: 5 ways how Arun Jaitley made Ease of Doing Business better in India

Last year, the government had relaxed FDI norms in over a dozen sectors, including defence, civil aviation, construction and development, private security agencies, real estate and news broadcasting.

Also read: FDI into India jumped 35% :Amitabh Kant

Several foreign retailers have since requested the government to allow non-food items such as homecare products under the policy, something that the government is considering, while also planning to propose an increase in the FDI limit in print media to 49% as against the present 26%.

Single brand retail sector could be seeing 100% FDI through the automatic route, so that more and more global players can be attracted for investments.

(Image source: CA Club India)