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Legal Developments worldwide

AN OVERVIEW OF INDIA’S FOREIGN DIRECT INVESTMENT POLICY

June 2010 - Finance. Legal Developments by kanga & co.

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The Government of India has over the years been encouraging Foreign Direct Investment (FDI) by liberalizing its foreign investment policy and procedures to achieve economic development. Recently, a consolidated new FDI Policy has come into force with effect from 1st April, 2010 to be superseded by new circular to be issued on 30th September, 2010 and would be replaced every 6 months by including the changes effected during the said period. The consolidated circular has rescinded all earlier Press notes issued.

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