NEW DELHI: India granted 17,148 patents till November 30 this fiscal out of 37,660 applications filed, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT). Infrastructure upgradation, manpower augmentation, regulatory reforms and IT enablement have resulted in speedy disposal of intellectual property application, DPIIT said in a statement. According … Read more
NEW DELHI: Foreign direct investment (FDI) into India in the July-September quarter rose a massive 140% on year at $23.4 billion from $9.7 billion a year ago. Total FDI inflows including equity inflows, re-invested earnings and other capital was $28.1 billion in the second quarter compared to $14.06 billion in the September quarter of FY20. … Read more
NEW DELHI: All mergers and acquisitions involving foreign direct investment will require approval of the National Company Law Tribunal as a “necessary precondition,” the government said. Investors are required to submit 23 documents, of which nine are mandatory instead of 20 earlier, according to the updated Standard Operating Procedure for Processing FDI Proposals issued by … Read more
NEW DELHI: The DPIIT has shared a list of 24 key sectors including food processing, toys, furniture, agro chemicals and textiles with respective ministries asking them to work on an action plan with a view to boost domestic manufacturing and make India a self-reliant country, an official said. The other sectors include organic farming, iron, … Read more
New Delhi: The government is considering a proposal to permit foreign direct investment (FDI) in limited liability partnership (LLP) firms engaged in construction development with a view to attracting overseas fund inflows, sources said. At present, FDI is permitted under the automatic route in LLPs that are operating in sectors where 100 per cent foreign … Read more
The government has said if the qualified bids are not from countries sharing a land border with India post first qualificatory stage, then the tender need not be scrapped. India had on Thursday issued an order imposing restrictions on procurement from China, amid heightened tensions at the border. The order had stated that if the … Read more