INDIA: India FDI caps in pension and insurance companies increased

Tuesday October 9 2012

India`s government has approved 49% India foreign direct investment in insurance companies and opened the pension sector to India foreign investors. On Thursday 4th October, the cabinet approved the insurance amendment bill, which proposes raising the level of India foreign investment allowed in the insurance sector to 49%, from the current 26%.

The cabinet also cleared up to 49% India foreign investment in pension companies – a sector so far closed to India foreign investment. Earlier reports said investments of up to 26% had been cleared.