February 12, 2026 04:20 pm (IST)
Follow us:
Govt announces reforms in FDI in 15 sectors including mining, defence
New Delhi, Nov 10 (IBNS): The Central government on Tuesday announced reforms and liberalisation touching upon 15 major sectors of the economy, in an attempt to ease foreign direct investment (FDI) in mining, civil aviation, defence, broadcasting, construction among others.
The measure comes two days after the NDA suffered a humiliating defeat at the hands of the Grand Alliance in Bihar Assembly election.
However, according to the government, the reforms take to "further boost this entire investment environment and to bring in foreign investments in the country."
"The Crux of these reforms is to further ease, rationalise and simplify the process of foreign investments in the country and to put more and more FDI proposals on automatic route instead of Government route where time and energy of the investors is wasted. It is one more proof of minimum government and maximum governance. Further refining of foreign investments in key Sectors like Construction where 50 million houses for poor are to be built," a government statement claimed.
"Opening up the manufacturing Sector for wholesale, retail and E-Commerce so that the Industries are motivated to Make In India and sell it to the customers here instead of importing from other countries. The proposed reforms also enhance the limit of Foreign Investment Promotion Board (FIPB) from current Rupees Three thousand crores to Five thousand crores," it stated.
Results of the Bihar Assembly elections announced on Sunday gave a stunning blow to the BJP-led NDA as it settled for a mere 58 seats in the 243-member house, while the Nitish Kumar-led grand alliance comprising the JDU, RJD and the Congress swept to power with 178 seats securing two-thirds majority.
PM Modi personally led the campaign for the BJP which went aggressive to capture power.
The Bihar defeat is seen as a hamper to PM Modi's push to pass economic reforms for which he needs to win most state elections in the next three years to gain full control of parliament.
The government is in a minority in Rajya Sabha which is selected by state assemblies.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
HUL’s Q3 shock: 30% core profit drop sends shares reeling
Thu, Feb 12 2026
Lenskart rallies 11% as Q3 profit soars
Thu, Feb 12 2026
TCS, Honeywell join hands to enhance autonomous operations for buildings and industries with AI
Wed, Feb 11 2026
Capgemini teams up with Microsoft to power resilient, trusted digital transformation for clients with integrated sovereignty solutions
Wed, Feb 11 2026
Britannia shares jump 4% after Q3 results beat expectations!
Wed, Feb 11 2026
Govt opens BHEL OFS: 5% stake on sale – here’s what you need to know
Wed, Feb 11 2026