The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated FDI policy document on March 31, incorporating changes made over the past year.
"The next edition of the Consolidated FDI Policy Circular i.E. ‘Circular 1 of 2014’ is scheduled to be issued on March 31 and will be effective from May 1," the Department of Industrial Policy and Promotion (DIPP) said. The previous (sixth) edition of the foreign direct investment (FDI) policy was issued in April 2013.
The DIPP, which is under the Ministry of Commerce and Industry, is the nodal agency on FDI policy. It compiles all policies related to India's FDI regime into a single document to make it simple and easy for investors to understand. Investors would otherwise have to go through various press notes issued by the industry department and RBI regulations to understand the policy. The government updates the policy every year.