Saturday, September 22, 2012

FDI Reforms Take Effect

We had earlier discussed the key aspects of the FDI reforms proposed by the Government. Unlike the previous occasion where the Government had to keep the FDI reforms in the retail sector in suspended animation, this time it was quick to notify the reforms that have now taken legal effect, as follows:
Press Note No. 4 (2012 series): FDI in single-brand product retail trading;
Press Note No. 5 (2012 series): FDI in multi-brand retail trading;
Press Note No. 6 (2012 series): FDI in the civil aviation sector;
Press Note No. 7 (2012 series): FDI in the broadcasting sector; and
Press Note No. 8 (2012 series): FDI in power exchanges.
These changes have taken into effect from September 20, 2012.

No comments: