India Opens Most Sectors for 100% Gulf Investment via ‘Automatic Route’
India said it has opened up most of its investable sectors for 100 percent equity participation under the automatic route for businessmen and enterprises in the Gulf and the rest of the Arab world.
Under the “automatic route”, entities outside India can invest in the country without prior approval of the government.
“India continues to open up its sectors to global investors from Arab countries and addresses their concerns on regulatory barriers,” Dr. Rajkumar Ranjan Singh, India’s state minister for external affairs, said in the Lok Sabha, the lower House of India’s Parliament.
There are several government-to-government and business-to-government mechanisms for the Middle East region such as a High-Level Task Force on Investment with UAE, a Strategic Partnership Council with Saudi Arabia and India-Israel CEO Forum,” the minister said in reply to a House member’s question.
“India has extensive ties with Middle East countries in a wide range of sectors including in the fields of trade and investments,” Singh said.
The minister said additionally, regular high-level business engagements with the region are also held by various chambers of commerce and export promotion councils.
An India-Arab Partnership Conference on ‘New Horizons in Investment, Trade and Services’ was organised on July 11-12 in New Delhi, he said.
