Search Result for : Fdi In Defence

The Dollar Business Bureau The government on Monday radically liberalised the foreign direct investment (FDI) regime by allowing 100 percent FDI in defence only through government approval and in multiple other sectors. "With this change in rules, India becomes the world’s most open economy for FDI," said a statement released by the Commerce Ministry. After November 2015, this is the second biggest change in the country’s FDI policy. With the change in regime, the defence sector has been completely opened up to FDI through approval route, which can result in access to state-of-art technology in India or for other purposes. The clause ‘access to state-of-art’ technology has since been removed. The government till date has allowed 100 percent FDI in animal husbandry, civil aviation, and ...

The Dollar Business Bureau  Inaugurating the 9th edition of Defence Expo India, a biennial event to exhibit India’s sophisticated military systems and technologies, Defence Minister Manohar Parrikar on Monday introduced the new Defence Procurement Policy, which, he said, would give a thrust to Make in India programme as well as ensure transparency and expediency in defence-related transactions. Earlier this month, the defence minister had confirmed that the new policy is being finalised and will be unveiled during the upcoming defence expo event. He had said that the policy is being restructured with an aim to utilise and consolidate development and manufacturing of the existing defence infrastructure, and certain amendments will be made in this regard to simplify the existing offset processes. ...

Deepak Kumar | The Dollar Business As per the revised policy, foreign retailers will be able to undertake single brand retail trading and wholesale activities in Indian market   Allowing foreign investment in manufacturing sector will hit small enterprises and lead to job losses, trade bodies have said and suggested that overseas funding must be restricted to technical, defence and sophisticated research work. The government on last Tuesday allowed single-brand retailers to directly enter the online segment, while also creating a platform for “Indian manufacturers” to boost their e-commerce business. The move is considered as limited opening of business-to-consumer (B2C) e-commerce for overseas investors. As per the revised policy, foreign retailers will be able to undertake single brand retail trading and ...

The Dollar Business Bureau As the government announced a slew of measures to ease the process of foreign direct investments (FDI) in key sectors, industry leaders said the move will boost India’s business environment and bring in more funds from overseas. The government on Tuesday announced the reforms relaxing foreign investment norms in 15 major sectors including defence, civil aviation, construction and media. The development came ahead of Prime Minister Narendra Modi’s visit to the UK which is aimed at enhancing bilateral economic ties and attracting more investments in India through Make in India campaign. India Inc underlined that the decision to ease FDI norms will not only benefit business segments but also send a positive signal to investors across the ...

Source: Deepak Kumar The government on Monday announced that it will soon launch a new defence procurement policy in order to give a boost to the Prime Minister Narendra Modi-led “Make in India” initiative. “A lot has happened in the last one year. Some major decisions have been taken, especially in the defence sector. I think we will have a new defence procurement policy coming up soon,” said Amitabh Kant, Secretary of the Department of Industrial Policy & Promotion (DIPP). Speaking at the “Indo-German Business Roundtable” conference on Monday, Kant urged the German business delegation to increase investments in India and said the government was ready to relook the FDI rule and it could enhance FDI to 100% from 49% in cases of ...