Question
Which statements are correct regarding Industrialization post-1990?
- Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
- The foreign equity investment was allowed up to 70%.
- Geographical restrictions and investment cap for small industries were removed.
Answer: Option A
Answer: (a)
Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
The foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
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Answer: (a)
Exemption from licensing was allowed for all startups and for those with an investment worth Rs. 2.5 crores in fixed assets and a right to import up to 30% of the total value of plant and machinery.
The foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
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