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India government revises foreign direct investment (FDI) norms

February 16th, 2009
Author : Biz2Credit Advisor

The India government has revised foreign direct investment (FDI) norms in what is being seen as populist pre-election move. The revision will permit a foreign investor with a non-controlling stake in an Indian company, to also invest in minority stakes of other Indian companies which are stake holders in the target company.
The move is being met with resistance by several lobbies and is being seen as intended loophole to FDI caps. Retail and telecom are seen as the top beneficiaries of the move.

Tags: foreign direct investment (FDI)
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