FDI for trading in food products in defence sector

Q.  Which of the following is/are true regarding new FDI norms in Defence Sector?

1) FDI in Animal Husbandry is not permitted at all.
2) 100% FDI under government approval route is permitted for trading in food products manufactured in India.
- Published on 21 Jun 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 2
 
  • As per FDI Policy 2016, FDI in Animal Husbandry (including breeding of dogs), Pisciculture, Aquaculture and Apiculture is allowed 100% under Automatic Route under controlled conditions. It has been decided to do away with this requirement of ‘controlled conditions’ for FDI in these activities.
  • 100% FDI under government approval route is permitted for trading, including through e-commerce, in respect of food products manufactured or produced in India.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲