A proposal by PAMP Gold LLC for 100 per cent foreign direct investment (FDI) to set up a duty-free shop of gold and silver metals at the Indira Gandhi International Airport, was cleared by the Indian government, reports say. PAMP Gold LLC is a division of PAMP - Produits Artistiques Métaux Précieux, the world’s leading bullion brand headquartered in Switzerland.

Approval from the Indian government followed an approval by the Foreign Investment Promotion Board (FIPB), reports say.