DPIIT notifies FDI relaxation norms

On Wednesday, the Department for Promotion of Industry and Internal Trade notified the recent decisions pertaining to the relaxation of foreign direct investment (FDI) norms in sectors such as coal mining, contract manufacturing, and single-brand retail trading. 

According to the new regulations, 26% FDI in digital media has been permitted. 100% FDI is allowed for sale of coal, coal mining activities including associated processing infrastructure subject to the provisions of Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957. Foreign investment in ‘manufacturing’ sector is now under automatic route. The government also opened doors for 100% FDI for contract manufacturing.