Review Of Foreign Direct Investment Policy On Various Sectors
Dated 24th November, 2015 | Copy of | Press Note No.12 (2015 Series) | Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-1 Section) 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 2015 (FDI Policy), effective from May 12, 2015, and as amended from time to time. 2 After para 2.1.25 of the FDI Policy, following definition of the term 'Manufacture' is added: 2.1.25 bis: "Manufacture", with its grammatical variations, means a change in a non-living physical object or article or thing- (a) resulting in transformation of the object or article or thing into ...
