•  In March 1997, Exchange Earners other than exporters were also brought under the Fast track Route Indian promoters were allowed to set up second and subsequent generation companies, provided the first generation company was set up under the Fast Track Route.
A series of measures to encourage the software industry in India to expand capacity, reduce costs, improve quality and also invest abroad were put in place. •  In 2000, the introduction of FEMA changed the entire perspective on foreign exchange. The revised policies reflected this.