INDIA: DIPP asked to redefine `control` in India FDI policy

Friday January 6 2012

It is being reported that the Indian Finance Ministry has sent a request to the Department of Industrial Policy and Promotion asking them to define the term `control` in the India (FDI) foreign direct investment policy. A government official stated that “A clearer and detailed definition of `control` is needed in the India FDI policy to allow easier establishment of ownership in companies that have India foreign investment.”

This information will be updated as further details become available.