Govt to mull FDI regime for startups

The commerce and industry ministry is working on a 100-day reforms agenda which may include proposals such as further liberalising FDI regime, easing investments from neighbouring countries, and more tax benefits for startups, an official said.

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The proposals may also include easing certain environmental norms for the leather and footwear industry, liberalised rules to promote exports through e-commerce hubs, and integrating lab testing and certification requirements for various sectors, the official said.

The government is embarking on the next 100-day agenda of transformation to take India on a fast track to developed nation.

In Lokmat global economic convention, Commerce and Industry Minister Piyush Goyal said that in the next 100 days, the government will follow the clarion call given by Prime Minister Narendra Modi August 15 to take India forward ona fast-tracked pathway.