Rukshad Davar at Majmudar & Partners analyses the recent FDI reforms and their implications for foreign investors
Recent policy moves have relaxed the sectoral caps and the conditions for foreign investment in certain sectors. The effects will be primarily felt in the retail sector, but investors in several other sectors will also benefit.
Previous reforms in the multi-brand retail sector failed to attract even a single application from a foreign investor. This has been blamed largely on ambiguity over the conditions stipulated for such investments. The government’s recent amendments aim to address this.
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Rukshad Davar is a Mumbai-based partner at Majmudar & Partners. He handles corporate, M&A and real estate matters. He can be contacted at email@example.com.