New norms curtail ‘options' for FDI investors

On October 1, 2011, the Department of Industrial Policy and Promotion (DIPP) altered the way foreign direct investments (FDI) into India are to be structured. The new policy is nebulous in that it is bereft of all explanations and clarifications, while blandly stating that the only eligible equity and debt instruments through which FDI may come into India are those that are fully mandatorily and compulsorily convertible into equity.

Read Full Story>>