The Ministry of Commerce and Industry of the Indian Ministry of Industry Policy and Promotion announced on the 31st the third edition of India’s comprehensive foreign direct investment policy document that it announced further relaxation of restrictions on foreign direct investment to promote capital inflows. According to the latest regulations, foreign companies are allowed to take shares in imported capital goods and machinery equipment (including second-hand equipment) as well as up-front expenses, but previously they can only use external commercial loans, lump sums, and patent license fees to buy shares. For foreign companies that already have joint ventures or technical cooperation companies in India, if they invest in the same field separately, they will no longer need to obtain prior approval from existing Indian partners. The announcement said that this will reduce the government’s intervention in commercial operations, increase India’s competitiveness as an investment destination, and help attract more investment and technology. In agriculture, the new regulations allow FDI to enter the fields of seed and plant development and production without having to meet specific conditions. The new regulation also simplifies the division of ownership of the company. All companies will be assigned to enterprises owned or controlled by foreign investors or companies owned or controlled by Indian residents. In March 2010, India’s official announced the first edition of its comprehensive foreign direct investment policy document, which categorized all regulations involving foreign direct investment and plans to update it every six months to better serve foreign investors. Third Edition The comprehensive foreign direct investment policy document will be implemented from April 1 this year. Special For Laser Cutting Machine Compressor Electric Compressor,Laser Cutting Air Compressor,Laser Cutting Screw Air Compressor,Electric Laser Cutting Air Compressor Ningbo Xinda Screw Compressor Co., Ltd. , https://www.augustcompressor.com