RBI has updated sector wise FDI cap limit . It has published a fresh list of sectors/activities wherein FDI is prohibited as also the entry norms, sectoral cap and other conditions for sectors/activities in which FDI is permitted under Government route and Automatic route are specified.
This has been done to allign the rule with the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India who has been updating/notifying the FDI policy through issue of Consolidated FDI Policy Circular.
Accordingly, Government has notified the latest FDI policy changes vide FDI Policy Circular 1 of 2012 dated April 10, 2012 and the same is available at Government website http://www.dipp.gov.in/.
In order to bring uniformity in the sectoral classification position for FDI as notified under the Consolidated FDI Policy Circular with the FEMA Regulation, the revised position on Annex A and Annex B of Schedule 1 to Notification No. FEMA 20/2000-RB dated 3rd May 2000, has been suitably revised and is enclosed.
http://rbidocs.rbi.org.in/rdocs/content/pdfs/CAPFISS280612_1.pdf
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