Earlier, inaugurating the Summit, Science & Technology Minister Jitendra Singh noted that the ISRO had launched Singapore’s first indigenously built micro-satellite in 2011 and eight more during 2014-15. India’s new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines, … Read more
World Trade Organization Director-General Ngozi Okonjo-Iweala on Tuesday said that India’s policy on foreign direct investment is ambiguous and can be strengthened. At the CII Partnership Summit, she said that companies trying to invest in India face lengthy approval processes. “There are still some policies to strengthen. The policy on FDI remains ambiguous and can … Read more
Foreign direct investment (FDI) into India in the July-September quarter of 2021-22 fell a sharp 42% on year at $13.5 billion from $23.4 billion a year ago. However, the inflows were up 39.17% from the pre-pandemic period of July-September FY20. Total FDI inflows including equity inflows, re-invested earnings and other capital was down 30% on-year … Read more
Amid domestic traders continuously complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal on Friday said the ministry will “very shortly” come out with certain clarifications on the e-commerce sector. Goyal said the ministry is not changing any policy on e-commerce for foreign direct investment as the policy … Read more
Kolkata: Closely held Indian firms attracted about 97% of foreign direct investment in FY20 and had enjoyed higher overseas equity participation as compared to listed entities, Reserve Bank of India said in its annual census on foreign liabilities and assets. FDI equity of unlisted companies witnessed a 15.9% rise during the same period. This marks … 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
US President-elect Joe Biden’s policies of taxing corporates at a higher rate than present levels could prove to be an opportunity for India which has brought down its tax rates substantially. Experts said that multinational companies and US-based companies may end up moving a large part of their profits to overseas destinations like India to … Read more
China’s loss is becoming developing Asia’s gain. FDI flows to the Asean countries exceeded those to China for the last three years, bringing in nearly $156 billion in 2019. Synopsis In most cases, OECD economies will not move their China-based factories home. More likely is a steady, deliberate shift of marginal foreign direct investment (FDI) … Read more
NEW DELHI: Minister of state for commerce and industry Som Parkash on Wednesday said that the government is in the final stages of drafting a National Logistics Policy, New Industrial Policy, e-commerce Policy and National Retail Trade policy. The retail trade policy will benefit 65 million small traders, he said at an event organised by … Read more