• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 8/2/2013

India - Foreign direct investment reforms 

August 2:  The KPMG member firm in India prepared a report on the following development (read the August 2013 report by clicking on the hyperlink provided below):
  • Cabinet Committee ratifies changes to sector caps and announces another round of foreign direct investment reforms - India’s Cabinet Committee on Economic Affairs on 1 August 2013 formally ratified a decision to rationalize sectoral caps and conditions in various sectors, and specifically the telecom sector.

    The Cabinet Committee also approved changes to India’s foreign direct investment policy for the multi-brand retail trade and aligned the present definition of “control” to that in the regulations issued by the Securities and Exchange Board of India and the proposed Companies Bill legislation.

    Read an August 2013 report [PDF 200 KB]

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