ANNOUNCEMENT 23 Mar 2016

In March 2016, the government of India announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Press Note No. 2 (2016 series) - Department of Industrial Policy & Promotion
http://dipp.nic.in/English/acts_rules/Press_Notes/pn2_2016.pdf


Inception date: 23 Mar 2016 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

 On 23 March 2016, the Indian Ministry of Commerce & Industry liberalized the FDI policy in the Pension sector by allowing automatic approval for consolidated foreign investments up to 49% of the equity capital of the pension fund. Earlier automatic approval was capped at 26% of the equity and investments above 26% and up to 49% required express approval from the government.
 
The FDI limit has been kept unchanged for the insurance sector at 49%.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A