India announces most sectors now open for 100% Gulf investment via "automatic route"

By Krishnan Nayar

NEW DELHI, 31st July, 2023 (WAM) -- Most investible sectors of the Indian economy are now open for 100 percent equity participation under the automatic route for businessmen and enterprises in the Gulf and the rest of the Arab world.

This was stated by Dr. Rajkumar Ranjan Singh, Minister of State for External Affairs, in the Lok Sabha, the lower House of India's Parliament. "Automatic rou