India Mulls Full Disclosure of FDIs

The Indian government plans to put in place a mechanism for monitoring the actual use of foreign direct investments, reports the Economic Times.

 

Under the plan, companies bringing in foreign equity will be periodically required to disclose the end-use of such funds.

 

According to the Times, the government wants companies to reveal the full details of ownership, background of promoters, sourcing of funds and investment history.

 

The Reserve Bank of India had also requested the government to either administrative departments or state governments to monitor end use of FDI inflows, says the Times.

 

 

MORE ARTICLES ON FOREIGN DIRECT INVESTMENT
 

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