Indian firms ride high on trade in foreign tech collaboration
Sai Nikesh | The Dollar Business The manufacturing sector holds a dominant share of exports and imports by the Indian companies reporting Foreign Technical Collaboration (FTC) agreements, during 2012-14 period. This was the outcome of the Reserve Bank of India’s survey report on ‘Foreign Collaboration in Indian Industry: 2012–2014,’ released on Tuesday, in which 303 Indian companies reported 528 FTC agreements of the total 826 companies that responded. In its tenth round of survey covering the years 2012-13 and 2013-14, the RBI further said, “Under industry-wise distribution of FTC agreements, the share of manufacturing sector increased substantially during 2012-14, while the services decreased.” The construction sector and agriculture-related activities witnessed a rise in their share in FTC agreements in 2012-14, compared ...
Policy for Private Investment in Rail Infrastructure through Domestic and Foreign Direct Investment
Dated 27th August, 2014 | PRESS NOTE NO.8 (2014 Series) | Policy for Private Investment in Rail Infrastructure through Domestic and Foreign Direct Investment 1.0 As per extant Foreign Direct Investment (FDI) policy, contained in ‘Consolidated FDI Policy Circular of 2014’, issued on 17.04.2014, FDI is prohibited in Railway Transport (other than Mass Rapid Transport Systems). 2.0 The Government of India, vide Notification No. S.O. 2113(E), dated 22 August 2014, has reviewed its policy for private investment in rail infrastructure and amended the list of industries reserved for public sector under item No.8 of Schedule I of the Notification No.S.O.477(E) dated 25 July 1991. Accordingly it has been decided to permit FDI in the following activities of the Railway Transport ...