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Deepak Kumar As the government envisions to attract more foreign investments, generate employment and facilitate further the ease of doing business in the country with its latest FDI liberalisation announcements, several national and international analysts said this expanded scope of FDI reforms would stimulate foreign investments in India, thereby giving a fillip to Prime Minister Narendra Modi-led Make in India scheme.   The government on Monday announced major changes in India’s foreign direct investment rules, allowing 100% foreign investments in defence and airline business, and relaxing norms for single-brand retails and keeping most sectors on automatic approval route. Praising the government’s new initiative, KPMG Partner & Head (Tax) Girish Vanvari said, “Coming at the back of the draft GST bill last week, the ...

The Dollar Business Bureau India’s power deficit may climb to 5.6% in FY2022 from a 2.6% of peak demand in FY2016, a recent ASSOCHAM-PwC joint study has noted. As demand begins to overtake supply, India would require 7% annual growth in electricity supply, in order to keep up with annual GDP growth rate of about 8-9%. “Availability of reliable, affordable and sustainable electricity is an essential requirement for propelling the India growth story and all potential sources of energy will need to be tapped to meet the envisaged demand and ensure its energy security,” the study titled ‘Hydropower @ Crossroads said. In order to achieve 1800 kilowatt-hour (kWh) per capita consumption to provide electricity to 300 million people by 2034, the country would require ...

The Dollar Business Bureau Committed to strengthening its trade ties with India, the British government on Thursday expressed hope over India’s plan for opening up of its key sectors to the UK market. “India's plans to open up its defence and insurance markets, the Goods and Services Tax (GST) to create a single market, are highly desirable and will indeed serve to create wealth and jobs and increase the quantum of British-India trade," said the UK Minister of State for Trade and Investment Francis Maude of Horsham. The UK Minister was speaking at a conference to announce the opening of the India-UK Business Convention in New Delhi. The Minister said that his government is committed to deepen ties with India, thus ...

The Dollar Business Bureau Undeterred by the demand slowdown in the global market, Indian e-commerce industry is expected to cross $100-billion mark, registering annual growth rate of 35% over the next five years, a study has said. The study conducted by Associated Chamber of Commerce and Industry (ASSOCHAM)-Pricewaterhouse Coopers (PwC) has estimated $17 billion the current size of the industry. “Continuing on the strong growth momentum of 2015, the e-commerce industry is estimated to see a 72% increase in the average annual spending on online purchases per individual in 2016 from the current level of 65%,” the study said. At the same time, the slowdown has led to troubles for shopping malls and other physical outlets that are suffering 20-25% vacancy rates ...

 The Dollar Business Bureau The creation of digital environment is now a priority for all banks and they need to undergo considerable investment for achieving complete transformation. This was stated in a Confederation of Industry (CII)-PricewaterhouseCoopers (PwC) joint study report titled ‘Banks taking a quantum leap through digital’, released at the CII National BANKing TECH Summit in Mumbai on Tuesday. Stating that the digital intervention is reality in today’s banking business, the CII-PwC report urged banks to adapt and respond to the digital intervention process to stay ahead in competition. The digital foregrounds have already shown the banking industry ways to develop new business models to attract customers and the digital platforms will change the entire eco-system of the ...

 The Dollar Business Bureau The Government of India (GoI), needs to raise cap on Foreign Direct Investment (FDI) in order to achieve self-reliance in the defence sector. This was stated by the study titled ‘Self-reliance in defence production: The unfinished agenda,’ jointly done by the Associated Chamber of Commerce and Industry of India (ASSOCHAM) and PricewaterhouseCoopers (PwC), a global advisory firm. The ASSOCHAM-PwC joint study says that the recent increase of FDI cap in defence to 49% may not succeed fully in drawing investments and advanced technology into the sector. In this regard, the study suggests ‘allowing 100% FDI in defence sector, if not, at least 74%, in order to facilitate the ways for capital inflows and setting up of ...

Japan has already emphasized on the necessity of more clinical research which is being done by foreign companies. In India there have been some commendable work done on this front and Rota Vaccine is a great accomplishment on those lines. Jayarama Emani | The Dollar Business Sponsored by Thailand and co-sponsored by the United Kingdom, BioAsia 2015 scheduled from February 2 to 4, 2015 under the theme of ‘New Era of Life sciences - Opportunities in Transition’ in Hyderabad is scheduled to provide an opportunity to explore business partnerships between the industry and academia. BioAsia’s conferences will cover contemporary developments in research and will assist in building technology capabilities for Life sciences & Medical sciences sector. The conference will witness ...