Hello ,
What is the FDI Limit for a Private Limited Company engaged in coal trading ?The company is suppose to receive FDI from Bangladesh.
Thanks
2 Replies
Sathish M
(Management Accountant)
(40581 Points)
Replied 14 April 2013
As per the existing policy, 100 per cent Foreign Direct Investment (FDI) in coal sector is allowed to private Indian companies setting up or operating power projects and coal or lignite mines for captive consumption. 100 per cent FDI is allowed for setting up coal processing plants subject to the condition that the company shall not do coal mining and shall not sell washed or sized coal from its coal processing plants in the open market and shall supply the washed or sized coal to those parties who are supplying raw coal to coal processing plants for washing or sizing. FDI upto 74 per cent is allowed for exploration or mining of coal or lignite for captive consumption.
Abhinandan Baid
(CA Practice )
(113 Points)
Replied 15 April 2013
Thanks for the reply.
But your reply is very generic& basic in nature and not resolving my query which is very specific in nature.
So please reply only if you know about it .
It is about FDI receiving from Bangladesh in a company whose nature of business is coal trading.
Thanks
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