The government is looking at a uniform ceiling on foreign
direct investment (FDI) in different business segments
within a sector as part of the review to streamline foreign
A uniform FDI limit for different segments within a sector
would reduce the complexity of the caps going up in different
business area, said commerce and industry minister Kamal
The government is working towards a single FDI cap for
an entire sector, the minister said, adding that the status
review of the FDI policy and regulations was in progress
to see how they can be streamlined.
The government is also looking at liberalising FDI in
sectors that could become big employment generators with
foreign capital, he said.
"Based on our experience (so far) we will be seeing
how it (the more liberal FDI policy) can generate employment,"
Sources, meanwhile, said the government is likely to allow
foreign investors to pick stake in commodity exchanges
and change norms and caps for aviation, petroleum and
review, which was last done in March 2006, has been postponed
by a month due to the budget session. The review will
come up when Parliament is in recess, official sources
said. Parliament goes into recess from March 21 and will
meet again on 18 April.