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
NEW DELHI: A survey by the Confederation of India Industry (CII) and EY of around a hundred companies has revealed that India has emerged as one of the top three choices for overseas investments in the next 2-3 years and about 30% of the firms are planning to invest more than $500 million. As per … Read more
NEW DELHI:The Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday issued a press note permitting foreign direct investment (FDI) in defence production above 74 per cent on the automatic route. This would be subject to access to modern technology or for ‘other reasons’ that needs to be recorded. FDI in defence production … Read more
ISTANBUL—The Turkish economy, hit hard by the coronavirus pandemic, contracted sharply in the second quarter, jeopardizing President Recep Tayyip Erdogan’s central political pledge of rapidly reviving the nation’s economic prosperity. Turkey’s output shrank 9.9% in the second quarter compared with the same period a year earlier, and 11% compared with the first quarter of 2020, … 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 lower limit will ensure that while small and financial investments will not face scrutiny, significant investments from China and other countries covered by the new regime will face checks. Synopsis On April 18, India tightened its FDI policy for countries with which it shares a land border, putting investments from them on the approval … Read more
The move follows border tensions between India and China in which 20 Indian soldiers were killed. India had in April made prior government clearance mandatory for all Chinese foreign direct investment. SynopsisThe move largely directed at Chinese companies makes prior registration with Competent Authority mandatory for any bidder from these countries before they apply for … Read more
The Indian economy is likely to rebound in the second half of 2020 as the impact of the COVID-19 pandemic recedes, and is projected to grow by 6.7 per cent in the next financial year, IHS Markit said on Thursday. The pandemic resulted in severe disruptions in industrial production and consumption spending in India during … Read more
New Delhi: Commerce and industry minister Piyush Goyal on Saturday said the government is working on reforms in the mining sector and attracting foreign direct investment (FDI) in sectors where it is constrained at present. “There are further reforms in mining and FDI in certain sectors where it is constrained. We will simplify processes and … Read more
BENGALURU: The National Association of Software and Services Companies (Nasscom) has launched Nasscom Launchpad in New Jersey, to promote cross border trade through partnerships. Through this platform, jointly with VentureLink@NJIT and Choose New Jersey, Nasscom aims to facilitate partnerships between New Jersey and India and promote technology-based foreign direct investment between the two regions. So … Read more