The government has amended Press Note 3 under the FDI policy, allowing investors from countries sharing land borders with India to hold up to 10 per cent non controlling stakes via the automatic route
Revised Press Note 3 policy allows up to 10 per cent non-controlling ownership from land-bordering countries, easing startup funding while retaining oversight
Select FDI proposals from land-border countries in sectors such as batteries, rare earths and electronics will be processed within 60 days under revised Press Note 3 rules
Analysts said that companies involved in sectors like EV, EMS, auto ancillary, BESS, renewable energy, and specialty chemicals are expected to benefit most from the easing FDI rules
The Union Cabinet has reportedly eased FDI norms under Press Note 3, which requires prior government approval for investments from entities in countries sharing a land border with India
"AgriStack is a fantastic experiment. I would think the next UPI-like big revolution shall emerge from AgriStack. Now we'll be able to have a clear picture of how much fertiliser is required"
The NRI industrialist's on-record pitch for clear sectoral caps and minimal approvals anticipated today's ease-of-doing-business push
Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on
He further said that relaxation in Foreign Direct Investment (FDI) policy and industrial licensing procedure are other elements that will propel the growth in the defence industry
FPIs will need to seek government approval before reclassification in applicable cases
Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion
The White Paper focuses on the violations committed by e-commerce giants, particularly regarding the Foreign Direct Investment policy and other regulatory frameworks governing e-commerce
Currently, the share of FDI equity inflows is a mere 0.01 per cent of the total inflows
Industry expects $20 billion investment in the sector in 10 years
More than 80 countries, 200 speakers and 12 partner ministries, departments and commodity boards are scheduled to take part in the event
Traders' body CAIT on Thursday accused Metro AG of fund diversion and violating FDI regulations in India, a charge which the German cash-and-carry major rejected as "false and malicious". The Confederation of All India Traders (CAIT) raised serious objections over the business practices of Metro AG's Indian subsidiary Metro Cash & Carry. Metro Cash & Carry India currently operates 31 stores in the country under the brand Metro Wholesale. Metro AG, which had entered the Indian market in 2003, is now reportedly scouting for a partner to sell a majority stake in its Indian subsidiary. Several entities, including Amazon, Thailand's Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts (D-Mart), Tata Group and Lulu Group, are said to be in the race to acquire the majority stake. "As per the media reports Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in India which is nothing but the diversion of funds by ...
DFS, Dipam and DPIIT have finalised the change in FDI policy
The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM)
The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd
Here's a selection of Business Standard opinion pieces for the day