China pitches Make in China, key sectors to attract FDI
The Dollar Business Bureau Xi Jinping, during a session with lawyers from Shanghai at the annual Nation People's Congress (NPC) event, vowed to open up China's economy like never before. In the past few days, multiple Chinese leaders have announced policies that would fast track investment in the economy, including Premier Li Keqiang and Commerce Minister Zhong Shan. China is desperately trying to find ways to transform its export-dependent economy as the global demand for commodities slows and an uncertain vibe from the developed world's shift to protectionism pervades the world. The depleting foreign exchange reserves, which slumped below the $3 trillion mark is also of concern to the largest emerging economy. Pre-empting competition from other countries like India ...
Govt clears 11 FDI proposals worth Rs. 1,568 crore
The Dollar Business Bureau The government on Thursday approved 11 foreign direct investments (FDI) proposals worth Rs.1,567.91 crore. It also recommended two proposals for consideration of Cabinet Committee on Economic Affairs. “Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th September 2015, government has approved 11 proposals of Foreign Direct Investment amounting to Rs. 1,567.91 crore,” Ministry of Finance said in a statement. The two proposals of Sistema Shyam TeleServices Ltd. involving investment of Rs. 10,000 crore, and IIFL Holdings Ltd. involving an FDI of Rs. 3201.5 crore, were recommended for cabinet’s consideration. “The total FDI Inflow in the cases recommended for approval is Rs.14,769.41 crore out of which two proposals with a total ...
