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 ...
FDI reforms to push India-US trade: USIBC
The Dollar Business Bureau A business activity group said that the number of reforms announced by India for boosting Foreign Direct Investment (FDI) in several sectors will strengthen the bilateral trade between US and India. Mukesh Aghi, President, US-India Business Council (USIBC) on Monday said, “The broadened scope of FDI regime in sectors such as defence, broadcasting services, civil aviation and pharmaceuticals will give a fillip to the bilateral trade potential of US and India.” The USIBC said that to liberalise the FDI regime in civil aviation, defence, pharmaceutical sector and broadcasting services just after the Prime Minister’s visit to the US earlier this month has boosted the confidence of the investors. Aghi said, “We appreciate the decision of the government for liberalisation of FDI ...
Post-FDI reforms, govt expects 45% jump in 2016
As per the latest available figure for 2015, FDI inflows during January-September period has increased by 18% to $26.51 billion Source: PTI The sectors that have attracted maximum FDI this year include services, computer hardware and software, telecom, automobile and trading Bullish on a series of reforms unveiled in the year passing-by, the government expects FDI inflows to rise by 40-45% in the New Year while further steps could be on anvil to attract foreign capital. As per the latest available figure for 2015, FDI inflows during January-September period has increased by 18% to $26.51 billion. In the entire 2014, India had received FDI worth $28.78 billion as compared to $22 billion in 2013. FDI will grow by 40-45% in 2016 despite the global slowdown. ...
GoI receives 170 FDI proposals in 2015 till date
Source: PIB, Government of India Review of Foreign Direct Investment (FDI) policy is an ongoing process. Significant changes are made in the FDI policy regime from time to time to ensure that India remains increasingly attractive and investor-friendly. Minister of Commerce & Industry, Nirmala Sitharaman, in a written reply to Lok Sabha today, gave details of the proposals for Foreign Direct Investment (FDI) received during the last three years and the current year. Year No. of fresh proposals received* 2012 218 2013 219 2014 150 2015 170 The details of the proposals approved/ rejected during the last year and the current year are as under: Year Proposals approved* Proposals rejected 2012 199 80 2013 198 33 2014 225 40 2015 (till date) 85 31 Top 10 country-wise FDI equity inflows and top 10 sector-wise FDI equity inflows from April 2012 to May 2015 are as below: STATEMENT ON TOP 10 COUNTRY-WISE ...
