Government mulls raising FDI approval threshold to Rs 15,000 crore

The government is considering raising the Foreign Direct Investment approval threshold for proposals requiring Cabinet Economic Affairs Committee clearance to Rs 15,000 crore from the current Rs 5,000 crore, sources said.

The move is aimed at streamlining the approval process and improving ease of doing business. The government is also examining relaxed downstream investment norms to encourage greater foreign capital inflows, job creation and overall investment flows into the country.