4. Permission for Industries to be Established Under Foreign Investment:

4. Permission for Industries to be Established Under Foreign Investment:

4.1 Foreign investment in the industries classified as prohibitive (as specified in schedule-1) shall not be permitted. In case of other industries, permission for foreign investment should be obtained.

4.2 Foreign investment shall be permitted up to 100% in large and medium scale industries.

4.3 Technology transfer will be permitted in the cottage and small If an application is made for an investment, the Department shall, for the industries with a fixed asset up to five hundred million rupees, grant permission itself. However, in the case of industries exceeding above-mentioned limit, in accordance with the
decision of the Board, grant permission within thirty days from 
the date of application. The department will communicate the decisions so made to the applicant. ?