Part IV. Trade Policies by Selected Sector: (1) Overview: paragraph 4, page 125:
This paragraph reads: "Foreign direct investment of up to 100% is allowed for most services activities, except for financial services, where foreign ownership limits apply. However, specific market access conditions or permits apply, which in some cases may be more restrictive than an explicit investment cap.
Could India provide examples of typical "market-access conditions or permits" that may apply on FDI for the oil and gas, energy, mining and environmental services sectors?
Reply: The sectoral policy on FDI is detailed under Chapter 6 of "Circular 2 of 2011 –Consolidated FDI Policy", which is available in the public domain, on the website of the Department of Industrial Policy and Promotion. Extant FDI policy in respect of the abovementioned sectors is as below:
