India moves up to 8th position in global FDI Confidence Index
The Dollar Business Bureau The 2017 A.T Kearney Foreign Direct Investment Confidence Index places India among the top ten for the second consecutive year. India's ranking moved up a notch this year due to the opening up of many sectors to FDI under the aegis of PM Narendra Modi. Investors surveyed were upbeat about the reform initiatives taken up this year by the Indian government, including the revamp of indirect taxation policy via the GST bill. The proposed tax amendment will unify the Indian market and make inter-state transit of goods and services more efficient. The digitalised single-tax regime subsuming multiple taxes levied separately by the State and Centre is also expected to reduce administrative burden. Even as India scraps the need for FDI approvals in the sectors of telecom, defence and broadcasting, the ...
India receives $22 million FDI from China in software, electronics sector
The Dollar Business Bureau India has received $22.47 million foreign direct investment (FDI) from China in its computer software, electronics and telecommunications sectors between April 2000 and September 2016, Parliament was informed on Wednesday. "As per the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, the total FDI inflows from April 2000 to September 2016 in computer software, electronics and telecommunications sectors from China is of the order of $22.47 million," MoS for Electronics and Information Technology P P Chaudhary said in a written reply to the Lok Sabha. Chaudhary said India received $12.92 million FDI into computer software and hardware from China, while investments in electronics and telecommunications stood at $8.37 million and $1.18 million from the country. Replying ...
'Improve ease of doing business for more US investments'
If domestic barrier are thrown out, the US and India can achieve their bilateral trade target of $500 billion by 2025. Deepak Kumar | The Dollar Business As barriers to market entry come down, India will see a number of American companies and investors, says US envoy India must reduce trade barriers and improve ease of doing business to compete with other countries, US Ambassador to India Richard Verma said on Thursday, adding that an invitation is not enough to attract American investors. Speaking at an interactive session organsied by the Federation of Indian Export Organisations (FIEO) in New Delhi, the US Ambassador said, The (FDI) numbers are getting better but they are not what they should be. He, however, expressed confidence that ...
FDI up 13% at $16.63 billion in first half of current fiscal
A major chunk of the FDI came from Singapore which overtook Mauritius to become the top foreign investor in the Indian market The Dollar Business Bureau During the current financial year, the highest FDI inflow was recorded in May at $3.85 billion, followed by April at a little over $3.60 billion and September at over $2.9 billion. Various steps taken by the government to ease the business process seem to have begun showing results with increased inflow of foreign direct investment (FDI). The FDI inflow in the country has increased by 13% to reach $16.63 billion in the first half of the current financial year, according to the latest data released by the Department of Industrial Policy and Promotion (DIPP). The total inflow during ...
