Cabinet clears 100% FDI in coal mining, associated infrastructure

Aug 28, 2019

New Delhi, Aug 28 (ANI): Commerce and Industry Minister Piyush Goyal said 100% Foreign Direct Investment (FDI) under automatic route in coal mining and associated infrastructure has been approved on August 28. To boost domestic manufacturing, “The Union Cabinet allowed 100% FDI in coal mining and associated infrastructure and 26% foreign direct investment (FDI) in digital media with government approval,” told Piyush Goyal to reporters after Cabinet briefing. On FDI in single brand retailing, the Cabinet has expanded the definition of mandatory 30% domestic sourcing norm.