With reference to Government of India’s decisions regarding Foreign Direct Investment (FDI) during the year 2001 02, consider the following statements: 1. Out of the 100% FDI allowed by India in tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years. 2. Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26% Which of these statements is/are correct?
Options
(a)Only 1
(b)Only 2
(c)Both 1 and 2
(d)Neither 1 nor 2
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