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News FDI Policy

  • Aug 27, 2016
  • Government won't include personal care products under FDI in food retail

    The government won't include personal care products under the policy governing foreign direct investment (FDI) in food retail, a stand that will disappoint the industry which has been asking for changes along those lines. "The policy is only for food products manufactured in India," a senior official in the Department of Industrial Policy & Promotion told ET. "There is no provision for personal care or non-food items." This runs counter to what Food Processing Industries Minister Harsimrat Kaur Badal had told ET earlier. She had said the government will add "the sweetener" of allowing personal care products in the policy.

    Source - http://economictimes.indiatimes.com