The current foreign direct investment (FDI) regulatory framework in India has undergone systematic revisions over time with the objective of encouraging and facilitating FDI inflows. The FDI Policy delineates between investments permitted through the automatic route, which necessitates no government approval, and those necessitating prior approval through the government route.
One instance of a sector prohibited under the FDI Policy is the manufacturing of tobacco products, including cigars, cheroots, cigarillos, cigarettes, and substitutes.
Read the article authored by our associate, Andre Jaggi, delving into prohibition of foreign direct investment (FDI) in the manufacturing of tobacco products, examining whether this prohibition serves as a solution to certain issues or if it merely prompts circumvention strategies published in Mondaq – https://lnkd.in/dFtEt3c6
PioneerLegal LawAtPL ForeignDirectInvestment RegulatoryFramework TobaccoIndustry
