Page 31 - Fdi

Ministries get 60 days to decide on FDI plans

The Cabinet had last month approved the abolition of FIPB

Ministries to decide on FDI proposals within 60 days: FinMin

India had last month scrapped the 25-year old foreign investment advisory body FIPB

FDI in services sector up 26% to $8.68 bn in FY17

FDI inflows into the services sector rose by about 26 per cent to USD 8.68 billion in 2016- 17 with the government taking steps to improve the ease of doing business and attracting foreign investments. The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth USD 6.89 billion in 2015-16, according to data of the Department of Industrial Policy and Promotion (DIPP). The government has taken several measures such as fixing timeliness for approvals and streamlining procedures to improve ease of doing business in the country and attract foreign investments. With FDI growth in key sectors like services and telecom, the overall foreign investment inflows in the country too increased by 9 per cent to USD 43.5 billion last fiscal. Increasing foreign inflows in the services sector assumes significance as it contributes over 60 per cent to India's GDP. The sector accounts for about 18 per cent of

Next wave of liberalisation in FDI on the cards

Matter may be taken up at the next Cabinet meeting after Modi returns from his four-nation trip

India still most popular FDI destination; clinched $62.3 bn in 2016: Report

FDI by capital investment increased by 2% to $62.3 bn in 809 projects during 2016 in India

Govt to ease FDI in print media, construction, retail

Commerce and industry ministry may soon approach Union Cabinet to get final approval on proposals

Retain FDI limit at 49% in cash management service: CAPSI

Cash management service providers resist 100 percent FDI in cash and ATM management companies

FDI inflow momentum may slow this year: HSBC

FDI inflows doubled to USD 46 billion in 2016 from $22 billion in 2013

More FDI reforms to be rolled out over next year: DIPP secretary

Government is working on a set of reforms across sectors, says DIPP Secretary Ramesh Abhishek

Provide enabling framework to attract FDI: PMO to departments

The Prime Minister's Office (PMO) has asked all the ministries and departments to modify enabling framework and regulations in tune with the liberalised FDI policy with a view to attracting more foreign investment. These directions were issued at a high-level meeting of senior officials called by the PMO recently. The meeting deliberated upon various issues pertaining to different departments, including financial services, consumer affairs, defence, home affairs, commerce & industry, space, and pharmaceuticals. In the meeting, it was pointed out that significant reforms have already been carried out in the foreign direct investment policy (FDI) and now it is for the departments concerned to provide an enabling framework to attract foreign investors, official sources said. The government in the last two-and-a-half years has relaxed FDI policy by removing sectoral caps and placing several sectors under the automatic route. According to the sources, the Department of Financial .

India jumps to eigth spot on Global FDI Confidence Index

Jump was mainly because of GST reform

India companies FDI jumps two-fold to $3 billion in March

Indian firms had made investments of $1.42 billion in their overseas joint-ventures in March 2016

Cash, ATM management firms may get 100% FDI approval from govt

They are not required to comply with the PSARA; home ministry likely to clarify shortly

At least $10 bn of FDI waiting for right signals, says Harsimrat Kaur Badal

The country could be looking at initial investment of more than $10 billion (Rs 65,000 crore), if the government gives a final nod to desired changes in foreign direct investment (FDI) in retailing.The changes in question would allow global retailers to sell a percentage of non-food items, said Union food processing minister Harsimrat Kaur Badal. "It would be at least $10 bn initial investment if 'food plus' gets the final nod. Not just for India; we have the UAE and Japan planning on making in India and taking it to their country. Before (the) 'World Food India' (event, scheduled for September), a lot of things might just get tied up," she hopes.The ministry of food processing industries (MoFPI) hopes some of these decisions would be taken by the year-end. Badal stresses the 'food plus' component in the policy on FDI in retailing suggested by her ministry would not a backdoor entry for multinational entities such as Walmart, Tesco or Auchan. She said global retailers would only be ...

FDI buoyancy missing in capex of listed MNCs

MNCs have cut back on fresh investment despite a sharp improvement in their profitability

No FDI in defence, ports, coal in Apr-Dec period: Govt

As many as five sectors including defence, ports and coal have failed to attract any foreign direct investments during the April-December period of the current fiscal, Parliament was informed today. The other two segments which were not able to attract the foreign inflows are - photographic raw film & paper and coir, according to the data shared by Commerce and Industry Minister Nirmala Sitharaman in a written reply to the Lok Sabha. Barring defence industries, the other four sectors had not received any FDI in 2015-16 either. Last year, the government relaxed FDI norms in several sectors including defence. India imports 70 per cent of its military hardware from different countries. As per the current policy, foreign investment beyond 49 per cent has been permitted in the defence sector through the approval route in cases resulting in access to modern technology in the country or for other reasons. However, the sectors which have attracted maximum FDI in the April-December ..

FDI cap tweak in print media in the works

This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries

Govt is working on 'appropriate policies' for 100% FDI in airline

MoS Jayant Sinha said that Ministry has not yet received any formal application from any airline

FDI in services sector up 77.6% in 9 mths of FY'17

Foreign investments in the services sector increased 77.6 per cent to USD 7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business. The sector, which includes banking, insurance, R&D, outsourcing, courier and technology testing, had received foreign direct investment (FDI) worth USD 4.25 billion during the April-December period of last fiscal, 2015-16, according to the Department of Industrial Policy and Promotion (DIPP). The sector contributes over 60 per cent to India's GDP and accounts for 17 per cent of total foreign investment inflows. The other sectors where inflows have recorded growth during the nine month period of 2016-17 are: telecom (USD 5.54 billion), trading (USD 2 billion), computer software and hardware (USD 1.81 billion) and automobile (USD 1.45 billion). In step FDI growth in important sectors like services, overall foreign inflows in the country increased 22 per cent to USD 35.84 billion during

FDI policy easing in select sectors in the works

FDI inflows into India firmed up by 22 per cent to $35.85 billion during April-December 2016