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Government has put in place a liberal FDI policy and most of the sectors have been placed under the automatic route for FDI up to 100 per cent except for a few sectors where caps have been prescribed and/or prior approval of Foreign Investment Promotion Board (FIPB) is required.
This information was given by Shri S. S. Palanimanickam, Minister of State for Finance, in reply to a question by Shri Abani Roy in Rajya Sabha today.
BSC/BY/CS-145/05
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