Search Result for : Foreign Investments

The Dollar Business Bureau The Export Import Bank of India (EXIM Bank), the premier export finance institution in the country, has raised $10 billion via issuance of 10-year dollar bonds on London Stock Exchange (LSE). The bonds were oversubscribed by almost two times. The EXIM Bank will use the proceeds from bonds for supporting Indian project exports, foreign investments through long-term credit and its portfolio of lines of credit. “The notes achieved the tightest ever spread over US Treasury for an Indian entity for a 10-year issuance,” said LSE in a statement. The 10-year bond has an annual yield of 3.897% and protected high investor support from all over the world, it said. EXIM Bank Managing Director David Rasquinha said that the Bank is a ...

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 (sourced from PIB) European Union (EU) and India on Friday announced the establishment of an Investment Facilitation Mechanism (IFM) for EU Investments in India. The mechanism will allow for a close coordination between the EU and the Government of India with an aim to promote and facilitate investments from the EU in India. This agreement builds on the Joint Statement of the 13th EU-India Summit held in Brussels in March 2016, where the EU had welcomed India's readiness to establish such a mechanism and leaders from both sides had reaffirmed their shared commitment to oppose protectionism and to work in favour of a fair, transparent and rule-based trade and investment environment. As part of the IFM, the EU Delegation to ...

The Dollar Business Bureau Market regulator Securities and Exchange Board of India (SEBI) has banned foreign portfolio investors (FPIs) from issuing the offshore derivative instruments (ODIs) or participatory notes (P-Notes) where underlying is a derivative. Now, the P-Notes or ODIs can only be issued for the hedging purposes, with respect to the held equity shares. In addition, the market regulator has said that the prevailing positions on unhedged P-Notes for derivatives have to be liquidated by December 31, 2020. “The ODI issuing FPIs shall not be allowed to issue ODIs with derivative as underlying, with the exception of those derivative positions that are taken by the ODI-issuing FPI for hedging the equity shares held by it, on a one-to-one basis,” stated a circular issued by ...

By Manishika Miglani It’s been three years since the Narendra Modi-led government came into power and announced a slew of measures to revive the investment climate of the country since then. In an interview with The Dollar Business, G.V.L. Narsimha Rao, Spokesperson, BJP, talks about the performance of the government, so far, and the party’s roadmap for further leveraging the business sentiment of the nation. TDB: The government has focussed on consolidating the investment scenario of the country? Has it been successful in achieving its targets? G. V. L. Narsimha Rao (GVL): At a time when global FDI inflows have turned negative, India has experienced the highest growth in the sector in the last three years. So, our government has been very successful ...

The Dollar Business Bureau China plans to make more efforts to attract foreign direct investments, which has been on a fluctuating trend in the last two years, registering a positive growth of 4.1% year-on-year in 2016 against a decline of 6.4% in 2015. Addressing a meeting in Beijing, the newly appointed Commerce Minister Zhong Shan on Monday said China will briskly introduce foreign investment and that the Chinese government will intensify efforts to attract foreign investors, “including propelling the development of free trade zones, pushing for reforms in foreign investment management and improving the business environment.” China has taken several FDI-oriented measures such as opening up more sectors, facilitating foreign investors for their entry into these sectors and lessening restrictive measures to stimulate ...

The Dollar Business Bureau  In a new reward to Jharkhand's efforts for garnering foreign investments, Japan voiced its interest in the mineral rich state. Masayuki Taga, Consulate General of Japan, called on Jharkhand Chief Minister Raghubar Das and said that his country was keen on investing in Jharkhand.  The state of Jharkhand, formed in 2000, overflows with immense untapped potential in the form of its mineral-rich land. Home to 40% of India's mineral wealth, the state has aspirational plans of mimicking the success story of Gujarat and Maharashtra in attracting foreign investment.  In the recent years, CM Das has unfolded many measures to make the state business friendly, including a single window clearance scheme. The Global Investor Summit to be held in Ranchi on 16-17 February 2017 is Jharkhand's version of the Vibrant Gujarat Global Summit. ...

The Dollar Business Bureau India and Indonesia will emerge as the most popular choices for foreign investors and strategist in 2016, due to their less dependency on external demands on bonds, currencies and stocks in the Asian emerging markets. The other major Asian economy, South Korea, will remain on the investors’ watch list, amid prevalent concerns that the US President-elect Donald Trump will harm the global trade once he takes office early next year. Amid the conspicuous instability in global trade and financial environment, India seems to be offering financial stability, room for further rate cuts; almost more-than-ideal situations to attract fund inflows. However, China’s Yuan and South Korea’s won are more likely to remain unstable during the coming year. Credit Agricole CIB expected ...