There were some significant changes to the foreign direct investment (FDI) policy earlier this week. The Department of Industrial Policy & Promotion issued as many as six press notes on March 12, 2008 (available here).
The changes are in the following sectors:
1. Credit Information Companies;
2. Commodity Exchanges;
3. Industrial Parks;
4. Civil Aviation Sector;
5. Petroleum & Natural Gas Sector; and
6. Mining of titanium-bearing minerals and ores.
However, as Rediff Money notes, there was no liberalisation on the foreign investment policy in the real estate sector despite anticipation on that front.