A limitation on FDI in the banking sector was reduced when the CBA increased the limit on participation of banks with foreign ownership from 30 to 50 percent of the commercial banking market.
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It has now become a business destination due to the large foreign direct investment (FDI) in India as POSCO is setting up a plant along with its own port for transportation.
In 1970, the Wahn Report expanded the idea of a screening process, and finally the Gray report (known officially as Foreign Direct Investment in Canada) provided the rationale and framework for the agency.
An article in the Los Angeles Times in 2 March 2004 described an arrangement with Rosa Whitaker, a US Trade Representative for Africa, with whom he formed a Trade and Investment Foundation for Africa to attract Foreign Direct Investment for gum arabic production.
JJVL, Pakistan's single largest producer of LPG which represents post-9/11 foreign direct investment, has been recognised by its peers in the global energy world becoming a finalist six times, four years in a row, at the Platts Global Energy Awards held annually in New York.