The Union Cabinet has given its approval to a number of amendment in the FDI policy. The amendment includes 100% FDI under automatic route for Single Brand Retail Trading, 100% FDI under automatic route in Construction Development, Foreign airlines allowed to invest up to 49% under approval route in Air India, FIIs/FPIs are allowed to invest in Power Exchange through Primary market and definition of ‘medical devices’ has been amended in the FDI policy.

January 17th, 2018