Thursday July 10 2014
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: India
The Finance Minister has announced changes to India foreign investment caps in several industries.
Foreign investment in the defence sector is being increased from the current 26% to 49%, while the cap in the insurance sector is being increased to 49% from the current 26%.
Both sectors will continue to require full Indian management and control through the FIPB route.
Click on the above link for the press release.