Cash and ATM management companies will soon be allowed to attract 100% foreign direct investment (FDI) as they are not required to comply with the Private Security Agencies (Regulation) Act (PSARA).
A clarification to this effect is likely to be issued by the home ministry shortly. The clarification will be against the backdrop of the confusion among firms in cash and ATM management relating to compliance with the Act, under which they can receive FDI only up to 49%.
