Friday, July 15, 2016

Government clarify FDI policy for private security agencies

Foreign investors in companies that provide armoured car services or train private security guards will have to comply with the 49 per cent Foreign Direct Investment (FDI) cap, the government has clarified, ending ambiguity over whether such firms could be considered as logistics providers.

A stringent framework for private security agencies, in line with the home ministry's definition of such entities, has been put in place in the annual FDI compendium published by the Department of Industrial Policy & Promotion.

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