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Indian Govt. keeps on heading towards reforms and for boosting the domestic economy Govt. On Monday announced new FDI policy for the key sectors such as defence, civil aviation, pharmaceutical and many more.
The Government has allowed complete foreign ownership in many sectors. It means 100% equity shares can be issued to a foreign entity.
This move has been taken to allow the foreign companies to set up their manufacturing unit in the form company so that manufacturing sector can move ahead. This can create huge employment opportunity in India and somewhere keep balanced contribution to the GDP of three India's pillar, namely, agriculture sector, manufacturing sector and service sector.
This decision was taken at a high-level meeting headed by Prime Minister. After undertaking all these radical changes, It has been reported in India Today that India is number 1 investment destination.
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