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Cabinet approves simplification and liberalisation of FDI policy in diff sectors

Cabinet approves simplification and liberalisation of FDI policy in diff sectors

India Blooms News Service | | 31 Aug 2016, 07:17 pm
New Delhi, Aug 31 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday given its ex-post-facto approval for the FDI policy amendments announced by the Government on June 20.

"The FDI policy amendments are meant to liberalise and simplify the FDI policy so as to provide ease of doing business in the country leading to larger FDI inflows contributing to growth of investment, incomes and employment," read a government statement.