Government approves 100 % FDI in Single Brand Retail

New Delhi Jan 10: In a move to further attract foreign investment the Union Cabinet headed by PM Modi had taken some crucial decisions.

100 % FDI :
The Government had approved 100 % FDI under automatic route in construction development has been allowed. Earlier the government approval was needed for FDI exceeding 49 % in the construction sector.

The government had also approved 100 % FDI under automatic route for Single Brand Retail Trading.Earlier for investments above 49 % approvals from the government were necessary.



Allowed foreign airlines to invest upto 49 percent under approval route in Air India. However, this nod comes with two conditions - foreign investment including that of foreign Airlines should not exceed 49 percent either directly or indirectly and substantial ownership and effective control of Air India would continue to be vested in Indian national.

Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) have been allowed to invest in power exchanges through primary market.