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Govt stubs out foreign investment in tobacco [1]

Ban Applicable In Special Economic Zones Too

THE government on Thursday banned FDI in cigarette manufacturing, shutting the doors permanently on foreign companies such as Japan Tobacco, BAT and the Altria Group.

The decision leaves the cigarette market wide open for Indian manufacturers such as ITC, which has about three-fourths of market share in this segment.

Publication Date: 
09/04/2010
Economic Times (New Delhi) [2]
Tags:
Tobacco [3], Health Effects [4], Economy [5], Special Economic Zones (SEZ) [6], Ministry of Commerce and Industry [7]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/news/govt-stubs-out-foreign-investment-tobacco

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/govt-stubs-out-foreign-investment-tobacco
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/economic-times-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/tobacco
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/health-effects
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/special-economic-zones-sez
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-commerce-and-industry