India moves toward relaxing FDI restrictions

06/26/2013 | Economic Times (India), The · Wall Street Journal, The

India likely will increase next month the size of investment foreigners can make in several industries, Finance Minister Palaniappan Chidambaram says. A panel advising the government has recommended allowing foreigners to own as much as 100% of telecommunication companies, as much as 74% of multibrand retailers and as much as 49% of establishments involved in defense production.

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Economic Times (India), The · Wall Street Journal, The

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