India Now - page 25

S E R V I C E S E X P O R T S
COVE R S TORY
23
|
APRIL-MAY 2015
India
sectors are strategically
selected, based on assess-
ment of inherent strength
of India, where investment
would provide the infra-
structure and environment
for attracting and nurturing
more industries and services
and have a multiplier effect
on the economy. Identified
services sectors under the
Make in India
programme
are information technology
(IT) and telecom, tourism,
media and entertainment,
healthcare, logistics, profes-
sional services, education,
research and development,
and space.
At the GES 2015, the
Government empha-
sised on the importance of
FDI and opening up of more
sectors to foreign invest-
ments, like arbitration and
financial sectors. What are
the advantages of opening
up other service sectors to
FDI?
India has put in place a highly
liberalised and investor
friendly policy regime where
most of the sectors including
services sectors are opened
to FDI under the automatic
route. A number of activi-
ties under service sector i.e.,
Broadcasting, Print Media,
Civil Aviation, Courier Ser-
vices, Private Security Agen-
cies, telecom services, etc
have been opened to FDI. In
fact, FDI is also permitted in
the entire range of financial
services. These include asset
information companies,
infrastructure companies
in the securities market,
insurance/pension and non-
banking financial services. As
regards, legal services (arbi-
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