DPIIT to come out with revised FDI policy to facilitate LIC disinvestment
NEW DELHI: India’s commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country’s largest insurer LIC, after taking views from the finance ministry, a top government official said on Thursday. Anurag Jain, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said […]
India attracted total FDI inflow of US$ 67.54 billion during April to December 2020
NEW DELHI: Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance for the economic development of India. It has been the endeavor of the Government to put in place an enabling and investor friendly FDI policy. The intent all this while has been to make the […]
Dharmendra Pradhan invites investors to join India’s renewable energy journey
NEW DELHI: India’s Petroleum & Natural Gas and Steel Dharmendra Pradhan hasinvited investors, developers and businesses to be a part of India’s renewable energy journey, assuring them that it will be a highly rewarding and mutually beneficial venture. In the Valedictory Address at the 3rd RE-INVEST 2020 today, he said that India is progressively becoming […]
No country should have any concern over India’s new FDI policy
NEW DELHI: No country should have any concern over India’s new policy for foreign direct investment from specific nations, government sources said on Thursday, in a clear message to China which strongly objected to the fresh norms for FDI. Around a week ago, India made prior clearance mandatory for foreign investments from countries that share […]
Finance Ministry notifies changes in FDI policy under FEMA
NEW DELHI: The Finance Ministry on Wednesday notified changes in FDI rules, which made prior approval of the government mandatory for foreign investments from countries that share border with India, to prevent opportunistic takeover of domestic firms amid COVID-19 pandemic under the FEMA law. The countries which share land borders with India are China, Bangladesh, […]
India approves proposal for review of FDI policy on various sectors
NEW DELHI: The Union Cabinet chaired by the Prime Minister of India Narendra Modi has approved the proposal for Review of Foreign Direct Investment on various sectors. Major Impact and Benefits from FDI Policy Reform The changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased […]