Consolidated FDI Policy: May 2015

The Government of India has issued Consolidated FDI Policy Circular of 2015 [FDI Policy Circular] on 12 May 2015 which subsumes all press notes/clarifications/press release in relation to foreign direct investment [FDI] issued by Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India [DIPP], which were in force as on May 11, 2015 and reflects the FDI policy as on date.This EY alert summarizes the key changes and clarifications issued by the captioned FDI Policy Circular. This consolidation is an annual feature and the current FDI Policy Circular issued by the DIPP is  more clarificatory in nature without any significant changes in the existing FDI regulatory regime other than the one’s which is related to increase in the pecuniary limit for cases for consideration by CCEA. For more details please read the EY report attached here…

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