SELECT LLPS MAY GET 49% FDI
Unlimited Growth
- Govt may cap FDI in LLP at 49% even in sectors with 100% FDI
- Cap on FDI aimed at ensuring LLP controls in Indian hands
- RBI for FDI in all sectors for LLPs but with a cap of 49%
- RBI favours mandatory FIPB clearance for any FDI in LLPs
- So far, only 914 LLPs have been registered in the country
- DIPP plans meeting with other ministries, depts. And regulators, including RBI, to finalize the foreign investment regime for LLPs
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