India makes major changes in foreign equity norms

New Delhi, June 20 (IANS) India on Monday announced major reforms in its foreign equity norms, notably in aviation, pharmaceuticals and food processing sectors, further opening the doors for the inflow of enhanced overseas capital.

The announcement was made in a statement issued by the Prime Minister’s Office with an eye on creating more jobs, improving infrastructure and making the investment climate in the country more conducive for attracting foreign investment and technology.

These decisions were taken at a high-level meeting here on Monday, chaired by Prime Minister Narendra Modi.



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