With the intent and objective to attract and promote foreign direct investment (FDI) in order to accelerate economic growth, Government of India has issued consolidated FDI policy. Foreign direct investment, as distinguished from portfolio investment, has the connotation of establishing a ‘lasting interest’ in an enterprise that is resident in an economy other than that of the investor.
The present consolidation subsumes and supersedes all Press Notes/ Press Releases/ Clarifications/ Circulars issued by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, which were in force before this policy. This Circular accordingly took effect from April 10, 2012.
Click here to download Consolidated FDI policy 2012