Govt looking at procedural easing to further promote FDI, says official
The government is looking at further easing of procedures in certain sectors to attract more foreign direct investments (FDI) into the country, a government official said. The department for promotion of industry and internal trade (DPIIT) has held stakeholder consultations with different government departments, regulators, industry associations, advisory and law firms, pension funds, private equity and venture capitals. The department sought their views on ways to further attract foreign direct investments into the country. "We have completed the consultations. The department has received suggestions on different issues. Things have not yet been finalised...Looking at easing of norms at the procedural front," the official said. However, the official did not disclose the sectors where the government is considering the procedural easing. In the consultations, issues which were raised included permitting e-commerce players to receive FDI in inventory-based models of online trade for
The government is looking at further easing of procedures in certain sectors to attract more foreign direct investments (FDI) into the country, a government official said.
The department for promotion of industry and internal trade (DPIIT) has held stakeholder consultations with different government departments, regulators, industry associations, advisory and law firms, pension funds, private equity and venture capitals.
The department sought their views on ways to further attract foreign direct investments into the country.
"We have completed the consultations. The department has received suggestions on different issues. Things have not yet been finalised...Looking at easing of norms at the procedural front," the official said.
However, the official did not disclose the sectors where the government is considering the procedural easing.
In the consultations, issues which were raised included permitting e-commerce players to receive FDI in inventory-based models of online trade for
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