Reply: The India Singapore Comprehensive Economic Cooperation Agreement has a chapter on e commerce.
21. Although India has taken various measures to attract foreign direct investment, FDI is prohibited in certain sectors or activities, such as retail, some real estate, manufacturing of snuff and snuff/ tobacco substitutes, and some agricultural activities. What explains this restriction? (Page xi, paragraph 8)
Reply: The FDI policy, inter alia, takes into account national priorities, in the context of India's developmental goals.
22. Under what circumstances exemptions from licenses, permits and fees are granted? Are the exemptions based on any law? (Page xi, paragraph 9)
Reply: Yes, the same is provided under the FTP which is available at DGFT website http://dgft.gov.in.
23. Are exemptions (licenses, permits and fees) that vary by product, users, or specific programs to promote exports consistent with the principle of most favoured nation? (Page xi, paragraph 9)
