Talking to reporters, Ms. Sitharaman said more than 92% of the FDI inflows were through the automatic route. “For the rest of the FDI (about 8% of the total FDI inflows), every department concerned has a framework or a regulator for it. It said whenever a policy decision is taken on the matter it will be applicable to the entire sector and not just one company. Definitely we are supporting all manufacturing, including high value manufacturing. We are coordinating response from all the concerned ministries and departments (on Apple’s proposal) but no final view has been taken.”

Source: The Hindu February 06, 2017 16:52 UTC