Government announces changes in FDI caps: Highlights
- FDI cap in telecom raised to 100% from 74%; up to 49% through automatic route and beyond via FIPB
- No change in 49% FDI limit in civil aviation
- FDI cap in defence production to stay at 26%, higher investment may be considered in state-of-the-art technology production by CCS
- 100% FDI allowed in single brand retail; 49% through automatic, 49-100% through FIPB
- FDI limit in insurance sector raised to 49% from present 26%, subject to Parliament approval
- FDI up to 49% in petroleum refining allowed under automatic route, from earlier approval route
- In power exchanges 49% FDI allowed through automatic route, from earlier FIPB route
- Raised FDI in asset reconstruction companies to 100% from 74%; of this up to 49% will be under automatic route
- FDI limit increased in credit information companies to 74% from 49%
- FDI up to 49% in stock exchanges, depositories allowed under automatic route
- FDI up to 100% through automatic route allowed in courier services
- FDI in tea plantation up to 49% through automatic route; 49-100% through FIPB route
- No decision taken on FDI cap in airports, media, brownfield pharma and multi-brand retail
