Tag: Foreign Direct Investment

India’s new FDI rules ‘violate WTO principles, against free and fair trade’: China amid COVID-19 crisis

Amid growing concern across the world that Chinese companies are buying distressed assets hit by the COVID-19 pandemic, the Government on Saturday reviewed the extant Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies.

April 20, 2020

Govt amends FDI policy to curb ‘opportunistic takeovers’ by neighbours including China amid COVID-19

According to a press note by the Ministry of Commerce and Industry, any country that shares border with India has to approach the government for investing and not go via the automatic route.

April 18, 2020

Soon Flipkart to sell vegetable via ‘FarmerMart’

India’s Foreign Direct Investment (FDI) policy, the government allows 100% FDI in food retail industry for the food produced and manufactured in India.

October 17, 2019

Amazon optimistic on stable ecommerce policy from India

The Amazon executive said the company started "Amazon Flex" in India which helps its local partners to deliver packages, gives them jobs, grows the company's delivery capacity for sellers and increases the speed of delivery.

July 26, 2019

New e-commerce norms to impact e-tailers: Flipkart

The renewed policy on Foreign Direct Investment (FDI) in e-commerce envisages a level playing field for e-tailers and offline traders, who dominate the country's retail market with about 90 per cent share.

December 28, 2018

Jaitley in Singapore: Lists GST, note ban as major reforms

Finance Minister Arun Jaitley has urged Singaporean businesses to invest in India, highlighting the country as one of the largest FDI recipients with the government undertaking major structural reforms, including Aadhaar, GST and demonetisation. “India has become the most favourable and attractive destination for Foreign Direct Investment (FDI),” Jaitley said while addressing an investors’ roundtable …

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November 16, 2017

Cabinet approves signing of India-Belarus investment treaty

The Union Cabinet on Wednesday approved signing and ratification of the Bilateral Investment Treaty (BIT) between India and Belarus to increase investment flows between the two countries. Prime Minister Narendra Modi chaired the Cabinet meeting. “The agreement is expected to improve the confidence of investors resulting in an increase in Foreign Direct Investment (FDI) and …

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September 27, 2017

FDI in textiles doubled to $619 mn in 2016-17

Foreign direct investment (FDI) in textile sector more than doubled to $618.95 million during 2016-17 from $230.13 million in the previous fiscal, Parliament was informed on Thursday. In a written reply to Lok Sabha, Minister of State for Textiles Ajay Tamta said during the first two months of current fiscal, the sector received $21.41 million …

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August 3, 2017

Poor show by banks, private investors challenge to growth: Jaitley

Union Finance Minister Arun Jaitley on 27 May said that poor performance by private investors and banks still remains a challenge for the Indian economy. "Despite Foreign Direct Investment (FDI) coming to India in large numbers, things are not working forcefully-investment in domestic industry is not satisfactory level. The condition is related to banks," Jaitley …

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May 28, 2017

Govt may soon allow 100 pc FDI in cash, ATM management cos

Cash and ATM management companies will soon be allowed to attract 100 per cent foreign direct investment as they are not required to comply with the Private Security Agencies (Regulation) Act (PSARA). A clarification to this effect is likely to be issued by the home ministry shortly. The clarification will be against the backdrop of …

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April 16, 2017