India, the chief democracy in the world, with its regular growth/performance and abundant has skilled manpower offer huge opportunity for investment, both domestic and foreign.
India is the fourth major economy in terms of Purchase Power equality and the tenth most industrialised country in the world.
Major initiatives such as industrial decontrol, simplification of investment procedures, enactment of competition law, liberalisation of trade policy, full commitment to safeguarding logical property rights, economic sector reforms, liberalisation of exchange system etc., have been taken, which provide a liberal, beautiful, and investor friendly investment climate.
The Government of India reviews the foreign direct investment (FDI) policy on an ongoing basis. chief policy program taken in the present past include raising FDI equity limit in domestic airlines sector to 49 percent and placing it under the regular route; allowing FDI up to 100 percent below the automatic route for the growth of townships, housing, built-up infrastructure and construction development projects; procedural simplification for support of proposals for new joint ventures, knowledge collaborations with presented joint ventures, technology transfer/trade marks agreement in India and transfer of shares from existing Indian companies.
The manual, 'India: FDI Policy and Procedures', is aimed at provide investors up-to-date information on the policies and events relating to FDI.