ANNOUNCEMENT 04 Feb 2014

In February 2014, the government of India announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Official notification

http://dipp.nic.in/English/acts_rules/Press_Notes/pn2_2014.pdf


Inception date: 04 Feb 2014 | Removal date: open ended

FDI: Entry and ownership rule

 On 4 February 2014, the Indian Department for Industry Policy and Promotion (DIPP) notified that henceforth in addition to Foreign Direct Investors (FDI), Foreign Institutional Investors and Non-resident investors (NRI) will also be allowed to invest in equity of India insurance companies. The investment cap has been retained at 26%.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A