(a) whether the Government has allowed Foreign Direct Investment (FDI) in coal mining, contract manufacturing and digital media and eased rules for single branded retail to make it attractive for global brands to invest in the country; and
(b) if so, the details thereof and the response of the foreign investors in this regard and the details of the proposals coming from the foreign investors since the announcement was made in the last week of August this year?
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THE MINISTER OF COMMERCE & INDUSTRY
(SHRI PIYUSH GOYAL)
(a) & (b): Government has liberalized FDI policy in the coal mining, contract manufacturing and digital media and eased rules for single branded retail vide Press Note 4(2019) issued by Department for Promotion of Industry & Internal Trade on 18.09.2019, which is annexed. Further, the amendments made in FDI Policy under Press Note 4(2019) will take effect after notification under Foreign Exchange Management Act, 1999, which is yet to be issued.
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