Foreign investment ceiling relaxed for strategic sectors deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.
The government on Tuesday said that an Indian corporate entity can make overseas investments beyond the prescribed limit in strategic sectors, like energy and natural resources, after obtaining necessary permissions.
The government on Monday issued two gazette notifications in which Overseas Direct Investment and Overseas Portfolio Investment have been demarcated. In the earlier regulations, Overseas Portfolio Investment was not clearly defined. The other terms such as Control, disinvestment, step down subsidiary and financial services activity, among others, have also been defined.