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DPIIT working on proposal to further tighten FDI norms in tobacco sector

By Economic Times - 2 months ago
The Commerce and Industry Ministry plans to tighten foreign direct investment (FDI) norms in the tobacco sector to curb promotional activities and smuggling. Currently, FDI is banned in manufacturing but allowed in technology collaboration. The proposed changes aim to prohibit all promotional activities in line with India's commitment to the WHO's Framework Convention on Tobacco Control.

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