The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies
Goyal also reiterated that Nepal and India not only share a border but also a deep-rooted friendship and a vision for a prosperous future.
It says top priority for new govt should be to strike balance between economic growth and environmental sustainability
In February 2024, the outward remittances stood at $2.01 billion, which was 23% lower than $2.62 billion in January 2024
Of these 46 proposals, 27 have also received comments from the Ministry of Home Affairs regarding security clearance
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent
It's other countries that are mopping up what would have gone to China
EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less
The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021, he told PTI in an interview
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
For promised FDI, India's nominal GDP must grow 9.5% in $ terms over 15 yrs
The amended FDI norms in the space sector strike a fine balance between the funding needs of India's spacetech startups and the country's security
The sustained contraction in investment inflows comes against the backdrop of uncertainties and challenges in the global economy
The valuation of the Indian textiles market is estimated at Rs 12 trillion
FDI inflows stood at $36.74 billion during the corresponding nine months of the preceding fiscal
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Move will attract investments worth $5 billion in five years, say industry experts
74% FDI has been permitted for satellite manufacturing and operation, satellite data products, and ground segments and user segments
The satellite sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, according to an official statement