Jammu & Kashmir’s lieutenant governor Manoj Sinha has approved a Foreign direct (FDI) policy for the union territory with a Foreign stake of a minimum of 51 percent.
L-G Manoj Sinha approved the Policy for Promotion of Foreign Investment within the Industrial Sector in J&K during the Administrative Council (AC) gathering.
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Reserve Bank Of India‘s (RBI) guiding framework on FDI has supported this new policy.
This policy is going to be effective for the subsequent ten years.
The FDI Policy in J&K aims for foreign investments worth quite Rs 100 crore with a minimum foreign stake of 51 percent.