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Government of India allows FDI from Pakistan

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A citizen of Pakistan or an entity incorporated in Pakistan have now been permitted to make investments in India. Such investments will be under the approval route (i.e with the prior approval of the FIPB), in sectors/activities other than defence, space and atomic energy. The above changes have been brought in by the Department of of Industrial Planning and Promotion though Press Note 3 of 2012 issued yesterday. Accordingly Paragraph 3.1.1 of Circular 1 of 2012 stands amended.

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