ANNOUNCEMENT 10 Jan 2018
The Union Cabinet of India approved and liberalized the FDI policy in certain sectors including civil aviation, single-brand retail, construction etc.
NUMBER OF INTERVENTIONS
Official press release - 10 January 2018
Press note no. 1(2018 series) - Department of Industrial Policy and Promotion
The FDI liberalization approved by the Union Cabinet of India on 10 January 2018 includes the following components:
The liberalisation also included procedural aspects:
The FDI policy has been amended to require that if the foreign investor of an Indian company requires an audit firm with an international network to audit the investee company then the audit of such companies should be done jointly with another auditor that is not part of the same network.