INDIA: Union Cabinet Review of India Foreign direct investment (FDI) caps and routes in various sectors

Friday August 2 2013

Further to the update of 17th July 2013, the Union Cabinet of India has approved the proposal for review of India Foreign Direct Investment (FDI) caps and routes in various sectors.

The proposed caps on foreign investment in specific sectors are as follows:

• Petroleum and Natural Gas and Refining- 49%
• Commodity Exchanges- 49%
• Power Exchanges- 49%S
• Stock Exchanges, Depositories, Corporations- 49%
• Asset Reconstruction companies- 49%, 49%-100% requires consent from Foreign Investment Promotion Board.
• Credit Information companies- 74%
• Single Brand Retail trading- 49%, 49%-100% requires consent from Foreign Investment Promotion Board.
• Basic and Cellular Services, etc.- 49%, 49%-100% requires consent from Foreign Investment Promotion Board.
• Courier Services- 100%
• Defence Production- CCS may approve proposals on case to case basis beyond 26% where the investment is likely to result in access to modern technology in the country.

Please click on the above link for the Press Information Bureau press release.