| I. 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. |
| II. Foreign equity investment was allowed up to 70%. |
| III. Geographical restrictions and investment cap for small industries were removed. |
A) I & II
B) Only II
C) I & III
D) All the above
Correct Answer: C
Solution :
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. Foreign equity investment was allowed up to 40%. Geographical restrictions and investment cap for small industries were removed.
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