The two bodies also aim to make Indian products go global, help develop investible pipelines
Tiger Global was one of the prominent shareholders in e-commerce major Flipkart, founded by Sachin Bansal and Binny Bansal in 2007.
The move will encourage global telecom gear makers like Ericcsson and Nokia as well as Huawei (provided it gets FDI permission) to export from the country.
Inflows have gone up from tax havens; corporate tax dodging worries DPIIT
In the past two financial years, FDI from Singapore has surpassed that from Mauritius
Here are the top 10 headlines on Friday morning
FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus
Urge govt not to slap the rule on PE funds that have already raised money
PE, VC funds domiciled in the island nation on the radar
The vision includes building new ports to cater to the trade requirements, develop India as a Transshipment Hub and bring at least two ports in the world's top 10 rankings
Measures include negative import list, corporatisation of ordnance factories
Many companies are backing out from China (after coronavirus outbreak) and we are closely watching the developments, industries minister said
Another variant of the programme will be to provide a four-year tax holiday to firms that invest $100 million or more in labour-intensive sectors
The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013
Cap on purchase limit being discussed
Move comes amid New Delhi's new FDI rules that Beijing calls dicriminatory
A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity
Until now, Chinese investments were automatically allowed, similar to those from other nations, in all but 16 sectors, such as telecom, defence, and national security.
Aim is to curb 'opportunistic takeover' of Indian companies due to the current Covid-19 pandemic, new rules also apply to transfer of ownership of FDI
A watertight agreement is preventing Tata Sons from exiting AirAsia India