India: Approval process of foreign investment into India to liberalize

On 11 February 2010, the Cabinet Committee on Economic Affairs approved a proposal of the Department of Industrial Policy & Promotion of the Ministry of Commerce & Industry to liberalize and expedite the approval process for foreign investment into India.

The Foreign Investment Promotion Board of India will be authorized to recommend proposals with foreign equity inflow up to INR 1,200 crore and approval requests will be relaxed.