APPROVAL FOR FDI IN LIMITED LIABILITY PARTNERSHIP FIRMS

The Cabinet Committee on Economic Affairs approved the proposal to amend the policy on allowing Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP) firms.

• The FDI in LLPs will be implemented in a calibrated manner, beginning with the 'open'sectors where monitoring is not required, subject to the following conditions:
• LLPs with FDI will not be allowed to operate in  agricultural/plantation activity, print media or real estate business and not be eligible to make any downstream investments.