Current Affairs
Select Date
Tags:
Hindi

No FDI in manufacturing of Tobacco products - RBI

Reserve Bank of India prohibited the Foreign Direct Investment(FDI) in manufacturing of tobacco products, though activities such as retail and wholesale trading fall under the sectoral restrictions. Acoording to RBI notification Foreign Direct Investment(FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes of tobacco or of tobacco substitutes. Foreign direct investment in other activities relating to these products to these products including wholesale cash and carry, retail trading shall be governed by the sectoral restrictions laid down un the  FDI policy

All Rights Reserved Top Rankers