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Gibson Dunn & Crutcher LLP | India | 27 Apr 2011

The government of India issues a new consolidated foreign direct investment circular

On March 31, 2011, the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India ("DIPP"), issued a new consolidated foreign direct investment policy, Circular 1 of 2011 ("Circular"), which supersedes all prior press notes, press releases and clarifications issued by the DIPP relating to foreign direct investment in India.

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