DIPP releases next edition of consolidated FDI policy

The Commerce and Industry Ministry released the next edition of its consolidated FDI policy document, incorporating all the changes made over the past year. 

The Department of Industrial Policy and Promotion, DIPP said, the new circular will take effect from 28th August.The consolidated policy is a compilation of the various decisions taken by the government in the past one year. 

The DIPP, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand.Investors would otherwise have to go through various press notes issued by the department, and the RBI regulations



to understand the policy. The government updates the policy every year. 

The whole exercise is aimed at providing an investor friendly climate to foreign players and, in turn, attract more FDI to boost economic growth and create jobs. 

During the last one year, the government has liberalised FDI policy in over a dozen sectors, including defence, civil aviation, construction and development, private security agencies and news broadcasting.

Foreign investments are considered crucial for India, which needs around 1 trillion US Dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth.