India allows FDI from Pakistan to boost bilateral trade

August 1, 2012 | National News | Written by

New Delhi, Aug 1: In a move to bolster bilateral trade and economic relations, India on Wednesday decided to allow foreign direct investment (FDI) from Pakistan.

“The government of India has reviewed the policy and decided to permit a citizen of Pakistan, or an entity incorporated in Pakistan, to make investments in India, under the government route, in sectors/activities other than defence, space and atomic energy,” an official statement said here.

In order to allay security concerns, FDI proposals from Pakistan would be routed through the Foreign Investment Promotion Board (FIPB).

The government had earlier allowed investments from Bangladesh under the FIPB route. (ANI)