Legislative and regulatory update – March 2008

0
676
Legislative
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Foreign investment

In January, the government proposed the liberalization of foreign direct investment (FDI) in certain key economic sectors.

The ceiling on foreign investment in public sector petroleum refining has been raised from 26% to 49% for new projects, a positive move that may help India become an oil refining and exporting hub.

A government press release at the end of January explained that another relaxation allows for 100% foreign investment in mining and mineral separation of titanium-bearing minerals and ores. India has one of the world’s largest reserves of ilmenite, a mineral used to make titanium dioxide for the aviation and defence industries. The liberalization in this sector is aimed at attracting investments by aircraft manufacturers, which are heavy users of titanium-bearing minerals.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

The wrap is compiled by Nishith Desai Associates, a Mumbai-based law firm that provides legal and tax counselling. The authors can be contacted at nishith@nishithdesai.com. The wrap is designed to provide general information on key legislative and regulatory developments. Readers should not act on the basis of this information without seeking professional legal advice.

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link