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FDI policy review for Cabinet

Our Bureau

New Delhi, Oct. 6 The review and streamlining of foreign direct investment (FDI) by the Department of Industrial Policy and Promotion would be sent to the Union Cabinet within 10 days for its endorsement and more areas for FDI such as stock exchanges, commodity exchanges and civil aviation for aircraft maintenance and repair would be opened up, the Union Minister for Commerce and Industry, Mr Kamal Nath, said on Saturday.

Addressing a news conference here, the Minister, however, said that the FDI policy for retail is no longer an issue as it is more about big versus small and the State Governments had to deal with this increasingly.

He said that the streamlining of FDI policy was comprehensive to cover existing anomalies so that investors come to India.

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