Indian Finance Minister Sh.Arun Jaitly has given a bonaza to Indian Economy on the occasion of Diwali through Reforms and liberalisation in Foreign Direct Investment policies in 15 major Sectors of the Indian Economy.
The refining of foreign direct investments in key Sectors like Construction where 50 million houses for poor are to be built.
Opening up the manufacturing Sector for wholesale, retail and E-Commerce so that the Industries are motivated to Make In India and sell it to the customers here instead of importing from other countries.
The proposed reforms also enhance the limit of Foreign Investment Promotion Board (FIPB) from current Rs.3000/- crores to Rs.5000/- crores.
Press Information Bureau 10-November-2015