Manual on Foreign Direct Investment-FDI
MANUAL ON FOREIGN DIRECT INVESTMENT IN INDIA - Policy and Procedures
In recognition of the important role of Foreign Direct Investment(FDI) in the accelerated economic growth of the country, Government of India initiated a slew of economic and financial reforms in 1991. India is now ushering in the second generation reforms aimed at further and faster integration of Indian economy with the global economy. As a result of the various policy initiatives taken, India has been rapidly changing from a restrictive regime to a liberal one, and FDI is encouraged in almost all the economic activities under the automatic route. 2. Over the years, FDI inflow in the country is increasing. However, India has tremendous potential for absorbing greater flow of FDI in the coming years. Serious efforts are being made to attract greater inflow of FDI in the country by taking several actions both on policy and implementation front. Since the last publication of the Manual in November 2002, Foreign Investment Promotion Board has been shifted to Department of Economic Affairs, Ministry of Finance and Company Affairs. However, the subject relating to FDI Policy and its promotion and facilitation as also promotion and facilitation of investment by NonResident.
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Source: Manual on Foreign Direct Investment-FDI