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India proposes looser FDI rules

09-14-2010 09:10 BJT

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The Indian government has released a discussion paper on whether to scrap existing rules, that force foreign companies to seek approval before expanding.

Foreign companies who joined with Indian firms before 2005, must seek permission for new investments in the same field. And, prove the new venture won't hurt the interests of its Indian partner.

The paper said the Indian industry today is in a much stronger position than it was in the 1990s, when the condition was first introduced. Still, in the first six months of this year, India's FDI inflows were down 18 percent from a year earlier.

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Editor:Xiong Qu |Source: CNTV.CN

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