The Cabinet meeting held on 28th Magh had decided to remove the upper limit on foreign investment through the automatic route. With the publication of a notice in the Gazette on 4th Falgun, the limit on FDI approved through the automatic route in designated areas has now been removed.
What you should know
The limit on foreign direct investment (FDI) approved through the automatic route has been removed. With the publication of a notification in the Gazette on 4 February, the limit on FDI approved through the automatic route in specified sectors has now been removed. Earlier, FDI was approved only up to a total capital of Rs 500 million through the automatic route.
