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.
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