India opens door for FDI from Pakistan

August 6, 2012

India allowed foreign direct investment (FDI) from Pakistan.
But it will be only through government route and not through the automatic route.
Earlier, no individual residing in Pakistan or a company based there was permitted to invest as FDI in India.
Except a few sectors- Defense, Space and Atomic energy, Govt has allowed all kinds of investments and that too without a cap.
Measures On, to aid greater export and imports of essential commodities b/w the two nations.
Earlier Pakistan scrapped the positive list with India. The move unlocked its markets to a wide range of Indian goods. However, it brought in a negative list of 1,209 items it couldn’t import from India. India can now export more than 7,500 tariff lines to Pakistan.