The government is likely to usher in the New Year with some important policy reforms. Important foreign direct investment (FDI) policy announcements is likely to be made in January 2011, reports sources.

It is learnt that FDI policy is likely to be on Limited Liability Partnership (LLP), technology joint venture and non-cash shares.

Earlier, Department of Industrial Policy and Promotion (DIPP) had put out discussion papers this year. Public comments were being taken into account for policy while the DIPP in the process of finalising views.

However, final policy on FDI in multi-brand retail, defence will be announced later.

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