ANNOUNCEMENT 01 May 2010

In May 2010, the government of India announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 May 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

The Government of India has reviewed the extant policy and it has been decided to prohibit FDI in manufacturing of 'Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes' (Code 24.02 of Indian Trade Classification which follows the Harmonized Commodity Description and Coding System) and to include the activity in the list of activities/sectors prohibited for FDI.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A