Published in:
Business Standard
Pubished on:
9 Nov 2015
With a view to improve the ease of doing business, the Commerce and Industry Ministry is working on a proposal to indicate applicability of FDI policy against each entry in National Industrial Classification (NIC) Code.
"Under this exercise, codification had been started off with the NIC-2008 code book indicating against each entry as to whether FDI is allowed therein, and if so, it is on automatic or approval route along with para number of FDI policy," it said.