FDI In Defence, Railways To Be Increased
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The government is likely to give nod to a higher limit of foreign direct investment (FDI) in
FDI up to 100% would be allowed under the automatic route in railway infrastructure projects, including projects like high-speed trains, sub-urban and dedicated freight corridors under public-private partnership (PPP) mode.
However, in strategic border areas, companies may need prior permission from the
“Due to security concerns in border areas, there is a view that clearance from the ministry of home affairs should be taken,” said an official.
In defence sector, the FDI limit of 26% would be raised to 49%.
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But the government is unlikely to allow FDI in e-commerce as of now as it is of the view that it could impact domestic players.
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