【New Delhi】Months before the Lok Sabha elections, the government seems to be trying to make up for lost time, at least in decisions on foreign direct investment (FDI).
It is soon going to throw open sectors like the railways for foreign participation — something controversial until a couple of years ago. Also, foreign players might soon be allowed to sell to consumers anything from locks to laptops online. But, the question that looms is: Who are these players and are they really interested?
Next week, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Manmohan Singh, is expected to give the green signal to FDI in railways.
Earlier this week, a discussion paper on allowing FDI in e-commerce was floated by the commerce & industry ministry.
Besides, the Department of Industrial Policy and Promotion (DIPP), the nodal agency for FDI, is keen to push foreign investment in low-cost housing.
【News source】
Govt's hurried FDI measures cutting no ice with investors
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