Search Result for : Foreign Investment

The Dollar Business Bureau  External Affairs Minister Sushma Swaraj said on Tuesday that there is a need to enhance trade, investment and commerce with the extreme eastern parts of Russia or Russian Far East in order to achieve the $30 billion target, set for bilateral trade between the two countries, by 2025.  “The Russian Far East is one of the richest regions in the world and India is among the fastest growing large economies of the world. There is lot that can be done together. When other markets are closing, we need to find new ones and create virtuous cycles of investment. Investment is in the ultimate analysis an act of faith,” Sushma said, while speaking at the India-Russia Business Dialogue at the Eastern Economic Forum ...

The Dollar Business Bureau India plans to double its natural gas pipeline network to around 30,000 km in the coming 3-4 years as part of the strategy to move to a gas-based economy in order to reduce greenhouse emissions and the dependence on imports for oil, said Petroleum and Natural Gas Minister Dharmendra Pradhan. Also, the country plans to bring in more reforms in the sector and will create a gas trading hub to support better prices for both domestic and imported fuel, said Pradhan. “We are completing a 30,000 km national gas grid in coming years. We can proudly claim that we have not only brought in policy reforms, but also implemented them,” he said while speaking at a session at the ...

The Dollar Business Bureau India is likely to remain the favoured destination for foreign direct investment (FDI) inflows this year despite a stagnant inflow of $44 bn in 2016 the United Nations Conference on Trade and Development (UNCTAD) report detailed. India is favoured by the MNCs for its cross-border merger and acquisitions the report said. The report details that FDI inflows to developing Asia are expected to increase by 15% in 2017, to $515 billion, as an improved economic outlook in major Asian economies is likely to boost investor confidence. In major recipients such as China, India and Indonesia, renewed policy efforts to attract FDI could contribute to an increase of inflows in 2017. The report, however, cautioned that tax-related challenges may pose as ...

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 ...

The Dollar Business Bureau After the newly appointed Chinese Minister of Commerce, Zhong Shan, spoke about intensifying the drive for FDI, Premier of state Li Keqiang reiterated the need to attract FDI in his annual address to National People's Congress. “Foreign firms will be treated the same as domestic firms when it comes to license applications, standard setting, government procurement and will enjoy same preferential policies under Made in China 2025 initiative,” he said. Liberalising manufacturing, service, financial and mining sectors is part of the reform aimed at increasing FDI inflows into a slowing economy. Firms having foreign investment will be encouraged to issue bonds in the country, get listed and actively take part in the national science and tech projects. Integration of customs throughout the nation, and a ...

PTI India became the 12th largest holder of US government securities at the end of 2016, with exposure worth $118.2 billion.With holdings worth $1.09 trillion, Japan remained the largest holder of these securities followed by neighbouring China with exposure to the tune of $1.06 trillion.Latest data available with the US Treasury Department showed that India's holding stood at $118.2 billion in December last, slightly lower than $118.7 billion seen in November.At the end of December 2015, India's exposure was to the tune of $116.8 billion.As per the data, India was the 12th largest holder of these securities. After Japan and China, Ireland was at the third place with holdings worth $288.2 billion, followed by Cayman Islands ($263.5 billion), Brazil ($259.2 billion) ...

The Dollar Business Bureau   The Maharashtra government plans to set up a Rs.300 crore garment park at Solapur, the textile hub of Maharashtra. Inaugurating the three-day International Exhibition on Uniform and Textile, State Textile Minister Subhash Deshmukh said the Government is in the process of acquiring the land, and the work the work will begin on January 26. “The State government would provide infrastructure and all support to complete and launch this unique garment park,” he said. Once the garment park is established, Solapur will become a major hub for providing uniforms to the Armed forces and police personnel in the country. Deshmukh requested organisers to host similar exhibitions outside the country to attract foreign investment. The overall market size of uniform for school, corporate wear and ...

PTI Indian capital markets seem to be losing their 'safe haven' status among foreign portfolio investors as they appear headed for nearly USD 2-billion pullout of the so-called 'hot money' 2016, making it the worst period in last eight years in terms of foreign investments.Surprisingly, it is the debt instruments that are taking the biggest hit, after remaining a preferred investment avenue for foreign funds in recent years, even as equities continue to attract net inflows but not enough to compensate the huge outflows from the bond market during the year passing by.Experts believe that any respite from such a sell-off is likely only in the second half of the new year 2017.The net outflow by FPIs in the debt market is ...