Ministry of Commerce & Industry16-July, 2013 21:06 IST
Decisions taken on FDI in the meeting chaired by the Prime Minister on 16.7.2013

There was agreement on the following proposals:

Sector

Cap

Route

1. Petroleum and Natural Gas and Refining

49%

Automatic

2. Commodity Exchanges

49%

Automatic

3. Power Exchanges

49%

Automatic

4. Stock Exchanges, Depositories, Corporation

49%

Automatic

5. Asset Reconstruction companies

Upto 49%

49% to 100%

Automatic

FIPB

6. Credit Information companies

74%

Automatic

7. Single Brand Retail trading

Upto 49%

49% to 100%

Automatic

FIPB

8. Basic and Cellular Services, etc.

Upto 49%

49% to 100%

Automatic

 FIPB

9. Courier Services

100%

Automatic

10. Defence Production

 

CCS may approve proposals on case to case basis beyond 26% which are likely to result in access to modern and state of the art technology in the country.

 

 

 

 

 

 

 

 

 


(Release ID :97252)