DIPP notifies 49% FDI in pension sector

The government raises the limit of FDI in pension sector to 49% in line with the FDI cap in the insurance secto

The government has raised the limit of foreign direct investment in pension sector to 49 per cent in line with the FDI cap in the insurance sector.

A press note to this effect was issued by the Department of Industrial Policy and Promotion (DIPP) on Monday.

"In pursuance of the enactment of Insurance Regulatory & Development Authority Act, 2013, government has decided to permit FDI in the pension sector...The decision will take immediate effect," said the note from the DIPP

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