POLICY ALLOWS 100% FDI, BUT NEW PROPOSALS HAVE BEEN TURNED DOWN CITING HEALTH CONCERNS Partha Ghosh NEW DELHI JAPAN Tobacco International's recent move to raise stake in its Indian subsidiary, JTI India, has lit up an old debate related to foreign direct investment in the tobacco or cigarette manufacturing business. Should fresh FDI be permitted in companies that produce cigarettes? The current policy allows 100% FDI in the area, but subsequent governments have discouraged any new proposal on the ground that the policy cannot be implemented