Review of FDI policy on various sectors

Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
(FC-I Section)

Press Note No. 5 (2016 Series) Dated: 24/06/2016

Subject:  Review of Foreign Direct Investment (FDI) policy on various sectors

The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2016 issued on June 07, 2016 (FDI Policy).

2. After para 3.7.1 of the FDI Policy, following new para 3.7.2 is added:

3.7.1 bis: For establishment of branch office, liaison office or project office or any other place of business in India if the principal business of the applicant is Defence, Telecom, Private Security or Information and Broadcasting, approval of Reserve Bank of India is not required in cases where FIPB approval or license/permission by the concerned Ministry/Regulator has already been granted.

3. (i) Para 5.2.1 of the FDI Policy is amended to read as under: