Commerce Ministry proposes tightening FDI rules in tobacco sector to curb promotional activities and smuggling.
The Commerce and Industry Ministry is working on a proposal to tighten FDI rules in the tobacco sector, with the aim of curbing promotional activities and smuggling. Currently, FDI is prohibited in manufacturing cigars, cheroots, cigarillos, and cigarettes, but allowed in technology collaboration. The Ministry aims to control promotional efforts that may contribute to increased smuggling.
July 28, 2024
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