RBI:
RBI has reviewed the policy for Foreign Direct Investment (FDI) for Railways Sector and has now permitted 100% FDI in railway Infrastructure sector under automatic route subject to conditions. The decision will pave way to the growth plan of Railway Transport sector as recently announced for the bullet trains, dedicated freight lines, Railway Electrification, Signaling systems & Infrastructure in industrial park pertaining to railway line etc.. Further, FDI beyond 49 of the equity of the investee company in sensitive areas from security point of view will be brought before the Cabinet Committee on Security (CCS) for consideration on a case to case basis.
RBI:
RBI has reviewed the policy for Foreign Direct Investment (FDI) for Defence Sector and has now provided a list of defence items as finalised by Department of Defence Production, Ministry of Defence and has clarified that items not in the list would not require industrial license for defence purposes. Dual use items, having military as well as civilian applications, other than those specially mentioned in the list, would also not require Industrial License from Defence angle. Further, effective from August 26, 2014, foreign investment i.e. FDI, FIIs, RFPIs, NRIs, FVCIs and QFIs upto 49% under government route shall be permitted in defence sector subject to the conditions.
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