Page 12 - Fdi

Outward FDI halves Y-o-Y to $1.55 billion in November, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components - equity, loans, and guarantees

BBC World Service India to restructure shareholding for FDI norm compliance

In response to the Centre's FDI guidelines, BBC World Service India, 99.99 per cent owned by BBC, may initiate a shareholding restructuring, potentially involving stake offerings to key executives

Germany remains Europe's top destination for foreign direct investment

Other countries such as Switzerland and France have also noted declines as companies lean towards mergers and acquisitions rather than investments in an uncertain economic environment

Out of Rs 1 trn worth of FDI proposals from bordering nations, half cleared

The government has received foreign direct investment (FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the COVID-19 pandemic. Countries which share land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan. As per that decision, FDI proposals from these countries need government approval for investments in India in any sector. After that press note, "proposals worth about Rs one lakh crore have come in and in that, 50 per cent have been cleared and the rest are either pending or withdrawn o

Sharp decline in FDI into India from Cayman Islands, Cyprus during H12023

Foreign direct investment (FDI) into India from Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed. Similarly, inflows from Cyprus contracted by over 95 per cent to USD 35 million during the six-month period as against USD 764 million in April-September 2022-23. Experts have attributed the sharp fall in FDI from Cyprus and Cayman Islands to a hightened scrutiny of applications. Anjali Malhotra, Partner Regulatory, Nangia Andersen India said FDI inflows from other tax havens such as Singapore, and the UAE have also lost their sheen along with Cayman Islands and Cyprus during first half of 2023-24. "...the recent decline in investment from Cayman Islands and Cyprus may be attributed to enhanced scrutiny of these ...

India to act as automaker Toyota Motor Corporation's regional Hub

Japanese auto major Toyota Motor Corporation on Friday announced a regional restructuring with India being integrated into its 'Middle East, East Asia & Oceania Region' operations and slotting the country to act as the hub of the new geography. As part of this development, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) -- the company's joint venture in India with the Kirloskar group -- will concurrently be the Regional CEO, Toyota Motor Corporation (TMC) said in a statement. "Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new 'India, Middle East, East Asia & Oceania Region' starting January 1, 2024," it said. TMC further said, "The new reorganisation, which underlines the growing significance of India in Toyota's global business landscape, reflects the ...

Karnataka attracts 62 investment projects worth over Rs 3,000 crore

The Karnataka government has approved 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state. The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister M B Patil at a meeting here on Tuesday. Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday. Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India. Of the total 62 proposals, 51 investment projects are between Rs 15 crore and Rs 50 crore, totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka, the statement said. Three projects with an additional investment of Rs 577.35 crore were

India a fair market with large opportunity where anyone can compete: NetApp

Global software company NetApp feels that the lack of domestic vendors makes the Indian market an open one where anyone can compete on a fair basis, as per a top company official. The San Jose, US-headquartered company wants to make India the biggest market in Asia in the medium term by overtaking Japan. Its Kerala-born chief executive George Kurian said Asia is performing better than the rest of world, and the company will be targeting to increase the share of revenues from the continent to 20 per cent from the present 18 per cent. Size and scope of the Indian market is strong, it is the fastest growing large GDP in the worldand there is no domestic vendor, so the Indian market is open for everybody to compete on a fair basis. That's why we believe it's a good opportunity, Kurian told PTI on the sidelines of the company's annual event Insight' here. He said an increasing number of multinationals are putting up their technology centres in India, and many American companies are maki

FDI equity inflows contracted 24% in first half of FY24, shows data

During the six months of this financial year, FDI equity inflows decreased from major countries, including Singapore, Mauritius, the United States, the United Kingdom and the United Arab Emirates

Online sellers seek FDI in inventory-based model of e-comm for export

The e-commerce industry has suggested the government to permit foreign direct investment (FDI) in an inventory-based model of online trade only for export purposes, a senior government official said on Friday. At present, the country's FDI policy does not permit foreign direct investment in the inventory-based model of e-commerce. It is allowed only in firms that are operating through a marketplace model. Director General of Foreign Trade (DGF) Santosh Kumar Sarangi said that they are working on several steps to promote exports through e-commerce medium. He said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook at the FDI policy on this issue. "For export purposes, if these (rules) could be revisited is something that we are requesting the DPIIT to examine and explore... and this could be one step forward for creating the e-commerce export zones that DGFT and its team has been working on," Sarangi said here

Sellers seek FDI in inventory models of e-commerce for export purposes

The e-commerce industry has suggested the government permit foreign direct investment (FDI) in inventory-based model of online trade only for export purposes, a senior government official said on Friday. At present, the country's FDI policy does not permit foreign direct investment in the inventory-based model of e-commerce. It is allowed only in firms that are operating through a marketplace model. Director General of Foreign Trade (DGF) Santosh Kumar Sarangi said that they are working on several steps to promote exports through e-commerce medium. He said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook at the FDI policy on this issue. "For export purposes, if these (rules) could be revisited is something that we are requesting the DPIIT to examine and explore... and this could be one step forward for creating the e-commerce export zones that DGFT and its team has been working on," Sarangi said here at a

India's outward FDI falls 12.14% to $1.88 bn in October: RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

China's FDI deficit may be a sign for increased global investment in India

India ranked among the top three in greenfield foreign direct investment (FDI) announcements by the United Nations Conference on Trade and Development (UNCTAD)

Rs 50,000 cr FDI in food processing sector in last 9 years: PM Modi

Prime Minister Narendra Modi on Friday said India's food processing sector has emerged as a "sunrise" industry and has attracted Rs 50,000 crore in foreign direct investment (FDI) in the past nine years. Modi was addressing the second edition of World Food India at Bharat Mandapam in the national capital. The three-day event will conclude on November 5. "In the last nine years, FDI worth Rs 50,000 crore has come into the food processing sector. It is a result of the government's pro-industry and pro-farmer policies," Modi said. He said export of processed food has increased 150 per cent in the last nine years and the domestic processing capacity has increased significantly. The prime minister disbursed seed capital assistance to over one lakh Self Help Groups (SHGs) and inaugurated a 'food street' as part of 'World Food India 2023'. The event aims to showcase India as food basket of the world' and celebrate 2023 as International Year of Millets. The first edition was held in 2017,

India becoming favoured destination for FDI in infrastructure sector: Govt

Financial Services Secretary Vivek Joshi has said that India is becoming a favoured destination for Foreign Direct Investment (FDI) in the infrastructure sector as government has taken many supportive measures. Speaking at an event organised by the India Infrastructure Finance Company Ltd (IIFCL) in London, Joshi said flagship initiatives like the National Infrastructure Pipeline, Gati Shakti, Sagarmala, Bharatmala, UDAN and Maritime India Vision 2030, among others, have created a lot of opportunities in the infrastructure sector. The event, organised by IIFCL on October 30, saw participation of investors and other stakeholders from India and the UK. They also discussed potential avenues of investment in India's rapidly growing infrastructure sector. IIFCL Managing Director P R Jaishankar said the company is driving the government' goals for a robust all-round infrastructure development in the country covering all sub-sectors, including road, railways, energy (including renewable ..

Net FDI in India down to $3 billion in April-August, shows RBI data

Global deals involving mergers and acquisitions are languishing at a 10-year low as high interest rates chill activity in equity markets

Govt may liberalise FDI norms for space sector: DPIIT secy Rajesh Kumar

The government may liberalise foreign direct investment norms for the country's Space sector, as it eyes further improvement in ease of doing business, a top official said on Friday. Presently, Foreign Direct Investment (FDI) in the Space sector is allowed up to 100 per cent in the area of Satellites-Establishment and Operations through government route only. While addressing a road-show event for the Vibrant Gujarat Summit to be held on January 10-12, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said, the government may liberalise FDI norms for the country's Space sector. Speaking on the government's policies, he said, FDI liberalisation has substantially been achieved in India except for a few strategic sectors. "We've tried to maintain an almost Open Sky policy for almost all sectors of the economy. Though that liberalisation will continue and we may expand it further to even some of our sectors like Space as well. The .

OECD urges India to pare govt ownership in banks, insurance companies

OECD advised the government to further increase the share of renewable energy by facilitating long-term investment in clean energy development projects

Equity FDI into India declines sharply to $5.7 bn in April-July period

The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation

Challenges galore for Foxconn's ambitious expansion plans in India

Firm expects the electronic manufacturing services market to boom