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
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href="https://exam.pscnotes.com/bank-of-india">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.