The Ministry of Industry, Commerce, and Supplies has unveiled a list of sectors eligible for foreign investment approval through an “Automatic Route.” The reform includes energy projects such as solar, wind, and biomass, along with agricultural processing, infrastructure projects like film cities and cargo complexes, and the IT sector. The government has removed the previous Rs 500 million cap for automatic approval, allowing investments of any size in designated sectors. The measure aims to ease entry for multinational companies, particularly in manufacturing, tourism, healthcare, and software development, to strengthen the national economy.
