India Simplifies FDI Rules to Attract Investment - Budget 2024-25

Jul 23, 2024 12:23

India's Finance Minister Nirmala Sitharaman announced simplified FDI rules, a five-year vision document for financial needs, and other measures to boost investment in Budget 2024-25.

Photograph: ANI on X

New Delhi, Jul 23 (PTI) Seeking to attract more funds into the country, Finance Minister Nirmala Sitharaman on Tuesday said rules for Foreign Direct Investment (FDI) will be simplified.

Presenting the Union Budget 2024-25, the minister said the government will bring out a five-year vision document for meeting financial needs of the economy.

Efforts will also be made to nudge privatisation and use Indian rupee for overseas investments, she said.

Further, the government will develop taxonomy for climate finance as well as revamp Shram Suvidha Portal to enhance compliance for industry and trade.

Source: PTI

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India Simplifies FDI Rules to Attract Investment - Budget 2024-25

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