Search Result for : Fdi Policy

The Dollar Business Bureau The Government on Wednesday made a number of amendments in India’s Foreign Direct Investment (FDI) policy for some major sectors. The Cabinet has allowed 100% FDI via automatic route in single brand retail trading and construction, while it has raised the existing limit in power exchanges and aviation sectors. “The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth of investment, income and employment,” said an official statement. For single brand retail trading, ...

The Dollar Business Bureau The next edition of consolidated FDI policy details were released by the Ministry of Commerce  on Aug 28, incorporating the changes made last year. The Department of Industrial Policy and Promotion (DIPP) in its press release said that the ‘new circular will take effect’ from today ie, Aug 28, 2017. The consolidated FDI policy is a compilation of the various decisions taken by the government in the past year and the DIPP which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. This enables an investor friendly climate for foreign investors who would otherwise have to go through various press notes and ...

The Dollar Business Bureau  Foreign direct investment (FDI) into India surged by 37% to $10.4 billion during the April-June quarter of current financial year, Department of Industrial Policy and Promotion (DIPP) said on Monday.  According to the DIPP data, India had received FDI amounting to $7.59 billion during the first quarter of 2016-17.  The key sectors which attracted the maximum inflow of foreign investments include services, trading, telecom, automobile and computer software and hardware.  The countries from where the bulk of FDI came into India are Japan, Mauritius, the Netherlands and Singapore.  The Government has announced various measures for attracting foreign inflows that include improvement in business climate and liberalisation of FDI policy.  FDI is considered vital for India as it needs about $1 trillion to ...

The Dollar Business Bureau   The DIPP (Department of Industrial Policy and Promotion) is pressing ahead the demand for sanction of 100% FDI in the food processing sector in a bid to make the existing FDI policies simpler.A proposal to the effect has been sent to the Cabinet which might give the go-ahead soon. However, DIPP is also waiting for an acknowledgement from the FIPB (Foreign Investment Promotion Board) to put it into action. The proposal of DIPP has been drafted and forwarded to the cabinet for consideration, claim sources. And only food products produced and processed in India will be covered under the policy. The items produced in India are likely to have online sales business-to-consumer model after getting the FIPB nod. ...

The Dollar Business Bureau The Reserve Bank of India (RBI) on Wednesday notified that aggregate foreign investment limit in Chennai-based Equitas Holdings, which got an in-principle approval for small finance bank, should not exceed 49 percent. In September 2015, Equitas Holdings was among the 10 enterprises to have been granted in-principle approval from the central bank for setting up small finance banks. According to the RBI's notification, foreign investment in small finance banks would be in accordance with the FDI policy for private banks. A release by RBI stated that the overall investment limit in Equitas Holdings under the Portfolio Investment Scheme for foreign portfolio investors (FPIs)/foreign institutional investors (FIIs) shall remain at 24 percent and for non-resident Indians (NRI), the ceiling should be at 10 percent. “For total foreign ...

Dated 24th November, 2015 | Copy of | Press Note No.12 (2015 Series) | Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-1 Section) Subject: Review of Foreign Direct Investment (FDI) policy on various sectors The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015 (FDI Policy), effective from May 12, 2015, and as amended from time to time. 2 After para 2.1.25 of the FDI Policy, following definition of the term 'Manufacture' is added: 2.1.25 bis: "Manufacture", with its grammatical variations, means a change in a non-living physical object or article or thing- (a) resulting in transformation of the object or article or thing into ...

Source: PTI Sectors like insurance, pension, retail and pharmaceuticals will benefit from introduction of composite cap in the FDI policy which came into effect from today. In all these sectors, foreign portfolio investors can invest up to 49% under automatic route. The government today notified changes in the foreign direct investment (FDI) policy under which there will be a composite cap on overseas investment in various sectors, except in banking and defence segments. The other sectors which will be benefited from this concept include scientific journals, facsimile edition of foreign news papers, tea plantation and mining & mineral separation of titanium. At present, 100% foreign investment under government approval route is permitted in these sectors, except insurance and pension, where the cap ...

Source: PTI To attract more overseas money into the country, the Union Cabinet on Wednesday, cleared a proposal allowing foreign entities to invest in Alternative Investment Funds (AIFs). The decision will help make available more funds to start-ups, early stage ventures, small and medium enterprises (SMEs), which are generally considered as high risk investments. Official sources said the Cabinet has given its approval for foreign investments in AIFs that are set up under Sebi regulations and would widen the avenues for overseas entities to put in their money. Finance Minister Arun Jaitley announced in this year's Budget that foreign investors would also be allowed to invest in the AIFs. They were set up in 2012 by the capital markets regulator Sebi ...