FDI reforms to boost investment in India: US trade body
Source: PTI The US-India Business Council (USIBC) on Thursday said the liberalisation of India's FDI policy in over a dozen sectors will further improve ease of doing business and boost investments in the country. Putting more FDI proposals through the automatic route is a clear signal that the government is living up to the mandate of minimum government and maximum governance, USIBC President Mukesh Aghi said in a statement. Applauding India's latest reforms, USIBC said the move would “enable the ease of doing business in the country” and “will propel more investment and innovation”. “If the government continues on the current trajectory of bold reforms, then India will easily surpass the $41 billion in FDI from the US companies,” Aghi said. He ...
FDI in e-Commerce facilitates mass-scale dumping of products to India
Sai Nikesh | The Dollar Business In a step-ahead move to address the concerns of Indian retailers -online and offline, the Ministry of Commerce, Government of India, on Friday, convened a meeting that was chaired by Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP). Discussion on 100% FDI allowance in e-commerce sector, 'Ease of doing business', clarity on taxation, were among other key issues discussed in the meeting. Speaking to The Dollar Business on outcomes of the meet, Praveen Khandelwal, Secretary General, Confederation of All India Traders (CAIT), said, “All the concerns raised by trade bodies and e-commerce players were received positively...Since the matter on ‘FDI in e-Commerce’ is contentious, it has been announced that the Commerce Minister will be holding ...
