Search Result for : Foreign Direct Investment

Dated: 09/11/2017 | Copy of | Foreign Direct Investments April to June | 

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 The state government of Odisha, which is working on a new state export policy, has set a target of reaching Rs.1 lakh crore of exports by the year 2025. “Odisha has set a target of achieving an export turnover of Rs.1 lakh crore by 2025,” said L N Gupta, Additional Chief Secretary, Micro, Small and Medium Enterprises (MSME) Department on Thursday. The Government is working on a number of enabling factors that would be included into the new export policy in order to give a major boost to the State’s export turnover, he added. “A draft has been prepared for Odisha Export Policy, 2017, which lays emphasis on promoting the exports from traditional as well as non-traditional sectors,” Gupta said while addressing a seminar on export finance in Bhubaneswar. The Odisha Export Policy ...

The Dollar Business Bureau Japan on Thursday laid strong emphasis on varied avenues of the bilateral trade between India and Japan. “The two Prime Ministers resolved to transform the Japan-India Special Strategic and Global Partnership into a deep, broad-based and action-oriented one reflecting a broad convergence of their long-term political, economic and strategic goals,” said Masayuki Taga, Consul General of Japan in Kolkata. “This has indicated a broad convergence of long standing economic, political and strategic objectives between the two nations,” Taga said while addressing a session, organised by the Calcutta Chamber of Commerce. The Diplomat said that this is evident that the relations between Japan and India have significantly improved and strengthened in almost all the fields. Due to this, Japan has now ...

The Dollar Business Bureau India has urged US companies to invest in the food processing sector in the country and asked the US firms to take benefit of the country’s liberalised foreign direct investment (FDI) rules, improving business atmosphere and readymade infrastructure. A team of high-profile officials from India led by Special Secretary in the Ministry of Food Processing Industries Jagdish Prasad Meena on Wednesday reached the US. They are on a two-day visit of the US touring Midwest from Chicago conducting meetings with several companies of Chicago metropolitan area from logistics, food services to restaurant firms. “During the meeting, Meena urged them to take advantage of India’s liberalised foreign investment rules, readymade infrastructure and improving ease-of-doing-business climate,” revealed the Indian Consulate in ...

The Dollar Business Bureau On Wednesday, the Cabinet Committee on Economic Affairs approved a foreign investment proposal of Rs 9000 crore, put forward by Twin Star Technologies. The FDI proposal is expected to generate employment opportunities for 30,000 people in India.  According to the proposal, the Mauritius based company will invest the said amount in India on or before March 2025. The investment route will comprise a mix of equity, compulsorily convertible preference shares, compulsorily convertible debentures, and other FDI compliant instruments.  The proceeds of the investment will flow towards operations of Twin Star Technologies in India – a venture led by business magnate Anil Agarwal who is also the founder and Chairman of Vedanta Resources Plc. Vedanta’s business interests in India include ...

Dated 28th April, 2017 | Copy of | Notification | Government of India hereby notifies sale (re-issue) of ‘6.84 percent Government Stock 2022’ (hereinafter called 'the Stock') for an aggregate amount of ` 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called „Specific Notification) as also the terms and conditions specified in the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 by a price based auction using multiple price auction method. Allotment to Non-competitive ...

The Dollar Business Bureau  L&T Hydrocarbon, fully owned subsidiary of Indian multinational Larsen & Toubro Ltd (L&T) has won orders worth Rs.4,000 crore in the foreign market. The construction arm of L&T has recently won Rs.1,725 crore worth of orders across two business divisions. “L&T Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of Larsen & Toubro, has won orders totalling close to Rs.4,000 crore in the international market,” L&T said in a filing with BSE.    In transportation infrastructure division, the company had won Rs.725 crore worth of contracts. “A procurement, engineering, and construction contract has been bagged from the Ministry of Road Transport & Highways for 4-laning of the section Wadpale to Bhogaon Khurd of National Highway 17 in the state of Maharashtra,” the ...