(a) whether there is a proposal to enlarge the automatic licensing route as administered
by the Reserve Bank of India and reduce the role of the FIPB; and
(b) if so, the details thereof?
(a) whether there is a proposal to enlarge the automatic licensing route as administered
by the Reserve Bank of India and reduce the role of the FIPB; and
(b) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE AND COMPANY AFFAIRS
(SHRI ANANDRAO VITHOBA ADSUL):
(a) and (b) Government has put in place a liberal FCI policy and most of the sectors have
been placed under the automatic route, except (or a small negative list. In almost all
activities FDI up to 100% is permitted on the automatic route, except for a few sectors
such as telecom, banking, insurance, broadcasting, etc., where caps have been prescribed
based on strategic and sectoral considerations. The FDI policy, including sectoral policies
and caps, Is reviewed on an ongoing basis.