DPIIT holds discussions with PEs, VCs, pension funds on ways to further promote FDI

The Department for Promotion of Industry and Internal Trade (DPIIT) consulted with pension funds, PE, and VCs to boost FDI. Key issues discussed included FDI in e-commerce for export, easing press note 3, and revising single-brand retail policies. Major sectors attracting FDI include services, IT, telecom, and pharmaceuticals, with investments rising 45% year-on-year to USD 29.79 billion in April-September.