India to allow investment from Pakistan

by admin
Aug 1, 2012

The Indian government has announced it will allow investment from Pakistani citizens and companies in India.

A press release by the commerce ministry said all foreign direct investment from Pakistan will need to be approved by the Foreign Investment Promotion Board.

Investments cannot be made in defence, space or atomic energy.

"It is a great decision... Now Pakistan should also implement the most favoured nation (MFN) trading status to India," Rajiv Kumar of the Federation of Indian Chambers of Commerce and Industry (FICCI) told the state-run Doordarshan news channel.

India has already granted Pakistan MFN status and Pakistan pledged it will do the same.

Add new comment

About text formats

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
  • Global and entity tokens are replaced with their values. Browse available tokens.

Restricted HTML

  • You can align images (data-align="center"), but also videos, blockquotes, and so on.
  • You can caption images (data-caption="Text"), but also videos, blockquotes, and so on.
  • Global and entity tokens are replaced with their values. Browse available tokens.
  • You can embed media items (using the <drupal-media> tag).

We need your support

Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.

Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view

We need your support in keeping our journalism going. Support our work today.

link button