In a bid to make work environment more start-up friendly and ease regulations, the Reserve Bank of India has said that it will soon consult with the Centre and implement the recently announced proposals on start-ups. This includes permitting start-ups to access rupee loans under the External Comm…
Tag: FDI
French companies to pump in euro 8 bn in India
Bullish on India’s growth, major French companies will be investing about euro 8 billion in the country in next few years. “Leading French companies will invest some 8 billion euros in Indian market over the few years,” French Ambassador to India Alexandre Ziegler said on the si…
Pharma SMEs need boost like 25 per cent Capital Subsidy | Dr Jitendar Sharma, CEO, AMTZ
Recently, FDI in Brownfield (existing units) 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 is aimed at attracting required capital, international best practices and latest technologies in the …
BigBasket mulling to invest up to Rs 90 crore for recruiting more farmers to its network
BigBasket plans to invest up to Rs 90 crore to recruit hundreds more farmers to its network, beefing up its supply chain ahead of a potential entry of deep-pocketed global corporations including Walmart and Amazon into India’s online grocery market. The investment, which follows a $150 mill…
Karnataka to see more global investments
Karnataka which has been a hub for global pharma production directly and through contract manufacturing route is now upbeat on the Union government consenting 74 per cent Foreign Direct Investment (FDI) under the automatic route in Brownfield projects and 100 per cent on Greenfield projects. The …
Government allows 100% FDI for online grocery startups
In a boost to retailers and grocery startups such as Bigbasket and Grofers, the government on June 20 allowed 100% FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This will allow multi-brand retail giants such as Walmar…
Private equity funding into startups dips 25% in 2016; Goldman Sachs
Private equity funding has declined by 25% year-on-year from $2.5 billion in 2015 to $1.9 billion in 2016, said a recent report by a global research firm, Goldman Sachs. While the number of deals has picked up by 52% year-on-year in 2016, the average deal size has declined by 51% to $4.3 million.…
India expects $56 billion FDI in electronics sector
In a bid to meet increasing demand, India is expecting investments worth $56 billion in the electronics sector by 2020. The country has permitted 100 percent foreign direct investment (FDI) in the electronics sector. “We must have an electronics output of $400 billion a year by 2020 to meet…
FICCI Business Delegation accompanying Energy Minister Piyush Goyal to Singapore
New Delhi, 20 May 2016: To further strengthen relations of India and Singapore in the energy sector, a high-powered delegation led by Piyush Goyal, Hon’ble Minister of State (IC) for Power, Coal, New & Renewable Energy, and Government of India will be visiting Singapore on May 23, 2016…
FICCI, DIPP & IPO come together to commemorate the World Intellectual Property Day 2016
NEW DELHI, 25 April 2016: The Department of Industrial Policy and Promotion (DIPP) has laid down the roadmap for expediting the process of examining the applications of patents, designs and trademarks by appointing additional 458 new examiners and 263 contract examiners at various levels to clear…