The Commerce and Industry Ministry has moved a proposal for the consideration of the Cabinet to completely ban foreign direct investment in the tobacco sector, Union Minister Nirmala Sitharaman has said.
She said the Government did not want to encourage foreign investment in this sector.
“We wanted to be sure that for the production of cigarettes or other things (in the tobacco sector), we do not want to encourage FDI because we have ratified (a framework of) the WHO,” the Commerce and Industry Minister told PTI in an interview.