Contract manufacturing is part of Make in India

NEW DELHI : The cabinet on Wednesday permitted 100% foreign direct investment (FDI) in contract manufacturing through the automatic route, in a big push to the Make in India initiative at a time when US President Donald Trump is pushing American companies in China to scout for alternative locations.

India has until now allowed 100% FDI through the automatic route but there was no specific provision in the policy for contract manufacturing.

Read More