Govt considering raising CCEA approval threshold for FDI proposals to Rs 15,000 crore: Sources
The government is considering raising the FDI approval threshold for proposals requiring CCEA clearance to Rs 15,000 crore from Rs 5,000 crore, in a move aimed at improving ease of doing business. It is also weighing easier downstream investment norms to boost foreign inflows, job creation and investment, sources said.
The government is mulling a proposal to raise the Cabinet Committee on Economic Affairs (CCEA) approval threshold for foreign direct investment (FDI) proposals from Rs 5,000 crore to Rs 15,000 crore, according to sources. This move, aimed at improving the country's investment climate, comes as the existing limit has remained unchanged since November 2015.
The CCEA, chaired by Prime Minister Narendra Modi, includes key Union Cabinet ministers such as the Home Minister and Finance Minister. The proposal is currently under discussion, with the government also considering easing FDI norms for downstream investments to boost overseas fund inflows and create jobs.
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