The government has said post the abolition of the FIPB, Ministries will have to decide on FDI proposals within 60 days of the application and any rejection will need concurrence of the DIPP. India had, in May, scrapped the 25-year old foreign investment advisory body FIPB as it looks to attract m…
Tag: FDI policy
Strategic partnership to help attract FDI in defence: Arun Jaitley
The strategic partnership policy in defence will help attract FDI as global investors would be assured of orders, Defence Minister Arun Jaitley on June 1 said. He said unless the opening of the FDI rules is accompanied by some reasonable possibility of getting orders, an investor is not going to …
Expect more liberalised FDI policy: Nirmala Sitharaman
India is aspiring for greater global integration of its industries at a time when countries are becoming more protectionist. Commerce and Industry Minister Nirmala Sitharaman says the country will move ahead with more liberalised FDI policy after forming a political consensus. In an interview, Si…
Cell to help foreign investors in food processing sector
New Delhi: Ministry of Food Processing Industries has created an Investment Targeting and Facilitation Desk to help foreign companies which are looking for investment in food processing sector. The Cell shall also prepare a list of Indian companies also for their foreign partners. Government spok…
Govt approved only 10 start-ups for availing tax benefits under Startup India: Sitharaman
The government has approved only 10 startups for availing tax benefits since the launch of Startup India Standup India programme by Indian govt. in January 2016, Parliament was informed on March 15. As on March 9, the government received 1,835 applications for seeking recognition under the Startu…
Global mid-size companies keen on strategic tie-ups with India
An exclusive symposium organized by India Law Offices (ILO) & Confederation of Indian Industry (CII) in the Capital today witnessed over 100 companies from 20 countries exploring strategic partnerships with Indian companies. It was an interesting mix of developed as well as developing nations…
DIPP to pace-up security clearances to improve business climate
The Commerce and Industry Ministry is discussing with the Home Affairs Ministry fast-tracking of issuance of security clearances as it seeks to improve business climate, a top official said on November. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said app…
Govt allows 74 per cent FDI in pharma sector
FDI in Brownfield pharma sector has been permitted upto 74% under automatic route; and FDI beyond 74% and upto 100% is allowed under Government approval route The move to permit 74% FDI under automatic route in Brownfield pharmaceutical sector is aimed at attracting required capital, internationa…