Government looking into FDI policy sticking points

The government is trying to address specific lingering policy issues in various sectors despite easing of foreign direct investment (FDI) norms. “We are trying to address specific policy issues. We have identified a number of them that remain despite liberalisation in FDI (policy),” Department of Industrial Policy and Promotion Secretary Ramesh Abhishek said, while addressing the India-Japan Business Cooperation Committee. “There are so many other issues on infrastructure, taxation... Some of them are being resolved.” The government, earlier this year, approved changes in the FDI regime. The reforms included allowing 100 per cent inflow in civil aviation and food processing, while easing norms in defence and pharmaceuticals.