In a recent development, the Indian government has announced new guidelines for foreign direct investment (FDI) in the country. The new rules aim to boost investment in key sectors such as manufacturing, infrastructure, and technology. Under the new guidelines, 100% FDI will be allowed in sectors like coal mining, contract manufacturing, and single-brand retail trading. This move is expected to attract more foreign investors and improve the overall investment climate in India. The government has also relaxed local sourcing norms for single-brand retailers, which will further encourage foreign companies to set up operations in the country. Additionally, the new rules will make it easier for foreign investors to exit their investments, providing more flexibility and ease of doing business. These changes come as part of the government’s efforts to attract foreign capital and boost economic growth. Industry experts have welcomed the new guidelines, noting that they will help in creating jobs, boosting production, and increasing exports. Overall, the new FDI rules are seen as a positive step towards attracting more foreign investment and spurring economic development in India.