Page 5 - Foreign Direct Investments

40-50 FDI proposals from neighbouring countries pending for approval

About 40-50 foreign direct investment (FDI)proposals from countries sharing land border with India under the provisions of Press Note 3 are pending for approval with the government, official sources said. Under Press Note 3, the government has made its prior approval mandatory for foreign investments from countries that share land border with India. These countries 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. "About 40-50 proposals are pending with the commerce and industry ministry as they require security and political clearances," one of the sources said. Sources added that there is no consideration at present to ease norms under this press note. "FDI is not totally banned from these countries. It is just that they (investors from these countries) have to follow the government approval route and of course that takes times," a sour

ED searches: Byju's CEO says brought more FDI to India than any other firm

After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Byju Raveendran wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with all applicable foreign exchange laws. India's most valuable startup, Byju's was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital. "As we are funded by 70+ impact investors who have satisfactorily done due diligence on our operations, including all FEMA (Foreign Exchange Management Act) compliance, we are confident that the authorities will also come to the same conclusion," Raveendran said in the memo sent late on Saturday, which was seen by PTI. ED had on Saturday searched three premises in Bengaluru linked to the company over alleged foreign exchange law violations. Searches at 'Think & Learn Private Limited' (Byju's online learning platform) yielded "various incriminating ...

FDI inflow in Chinese mainland up 6.1% in first two months of 2023

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.1 per cent year on year to 268.44 billion yuan in the first two months of 2023

Another China syndrome

Permission for Apple's suppliers raises questions

Gujarat Assembly elections 2022: BJP's prestige battle to defend its turf

Not just as the home state of PM Narendra Modi, but also as a major producing and exporting state known for its trade and enterprise, Gujarat holds a special place for all political parties

Indian higher education may find capital at home rather than in FDI

The data shows that much capital can be tapped domestically through alumni and corporate endowments

India open to investments from everywhere in edu sector: Dharmendra Pradhan

The government is working with a 2030 timeline for the education sector, to augment its quality, capacity and infrastructure, keeping sight of its demographic advantage, Pradhan said

Rs 494 crore FDI received in defence sector since revising policy: Govt

India has received around Rs 494 crore of foreign direct investment in the defence sector since revising the policy relating to it in September 2020, the government said in Lok Sabha on Monday.

Japan accounted for more than a tenth of India's FDI under Abe's tenure

During Abe's tenure, Japan had announced support for a number of major projects

India approved FDIs from 80 Chinese entities till June 29: Report

Out of 382 FDI proposals the central government received from Chinese firms, India approved 80 till June 29

Global FDI back to pre-Covid levels in 2021 but uncertainty looms: UNCTAD

The top ten economies for FDI inflows in 2021 were India, the US, China, Hong Kong, Singapore, Canada, Brazil, South Africa, Russia, and Mexico

Outward FDI nearly halves to $3.39 billion in April, says RBI data

On sequential basis too, the outward investment from India in April was lower compared to USD 3.44 billion in March 2022

Rs 3,343 crore received as FDI in defence sector since 2014: Govt

To a separate question, Minister of State for Defence Ajay Bhatt said the "term 'Matryr' is not used in Indian Armed Forces"

Govt widens meaning of real estate business under FDI policy

It added that earning of rent/income on lease of a property, not amounting to transfer, will not amount to real estate business

India received total FDI of $54.1 bn during April-Nov 2021-22

Total FDI comprises equity inflows, reinvested earnings and other capital

Pragmatism on investment

India should accept the reality of supply chains

India considering easing curbs on some Chinese investments: Report

The move is being considered after proposals worth $6 billion were stuck amid the red tape, say sources

Govt set to allow 20% foreign direct investment in LIC ahead of listing

DFS, Dipam and DPIIT have finalised the change in FDI policy

FDI flows surge in 2021 hinting at global recovery, says OECD

FDI inflows to India dip 51 per cent in first half of 2021

Electric carmaker Tesla plans fully-owned retail outlets in India

Industry experts say that Tesla has been sourcing auto components from the country after signing up non-disclosure agreements