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The Department of Industrial Policy and Promotion in the Ministry of Commerce
and Industry clarified that it will allow 100% foreign direct investment (FDI)
under the automatic route for certain activities in the agriculture and
plantation sector. This includes floriculture, horticulture, development of
seeds, animal husbandry, pisciculture, aquaculture, cultivation of vegetables
and mushrooms under controlled conditions, and services related to agro and
allied sectors.
The Government will allow 100 FDI in tea plantation with prior approval as
long asf 26% of equity is disinvested an Indian partner or the Indian public
within 5 years and prior approval of the State Government if the use of land
changes.
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