Assam is a key
resource of Petroleum and Natural Gas products, the new release of FDI investment
policy of 12,600 corers brings curiosity whether it is going to drive investors
into its region.
According to the
Department of Industry Policy and Promotion (DIPP) under the ministry of State
Petroleum and Natural Gas official the codes of NIC policy should meet with
criteria of FDI then only investors can proceed for investment. Numbers of
sectors need to be clarified, the DIPP official added, “ There are number of
sectors mentioned in NIC Like legal practices and number of other sectors where
FDI policy is not clear like whether it is under automatic or approval route or
is there any condition to receive FDI.”
Before the investors could process on investment, the
FDI policy need to be clarified properly, the DIPP official added, “The
exercise is important as there is lack of clarity with regard to the code and
FDI policy. The DIPP, under the ministry compiles all policies related to
India’s FDI regime into a single document to make it easy for the investors to
understand.”
World Bank’s analytical
report on FDI, rates India 130 from 189 nations. Depositor data evaluation
highlighted FDI’s net investment on July is Rs 12, 612 corer in equities with total
inflow to Rs.19, 457 corer (USD 2.89 billion).
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