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FDI norms in port sector

FDI norms in port sector
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The Union Government allows 100 per cent Foreign Direct Investment (FDI) in port sector to supplement domestic capital, technology and skills, for accele­rated economic growth, a press release from the Port Ministry said. The Centre issued guidelines for private sector participation in the Major Ports in October 1996 and encourages private part­icipation including multinational companies in enhancing port capacities.

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