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Cabinet may review FDI policy in certain sectors tomorrow

Press Trust of India  |  New Delhi 

The is likely to review (FDI) policy in certain sectors tomorrow with a view to attract more overseas funds, sources said.

The sectors, which could be considered for further relaxation, include construction and single

According to sources, policy review in various sectors is expected to figure in tomorrow's meeting of the headed by Modi.

Last year, there was a proposal to permit 100 per cent through automatic route in single trading. Currently up to 49 per cent is permitted under the automatic route but beyond that limit nod is required.

The relaxation of policy is aimed at providing investor friendly climate to foreign players and in turn attract more FDI to boost economic growth and create jobs.

FDI during April-September this fiscal grew by 17 per cent to USD 25.35 billion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:40 IST