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Local Sourcing Norms For FDI In Single Brand Retail To Be Eased: Piyush Goyal

Local Sourcing Norms For FDI In Single Brand Retail To Be Eased: Piyush Goyal

India is all set to ease mandatory local sourcing norms for foreign direct investment (FDI) in single brand retail trading in the coming few weeks. While addressing CEO’s multi- national companies in the UK-India Joint Economic and Trade Committee (JETCO) meeting held in London, Commerce and Industry Minister Piyush Goyal said, “India has opened up opportunities for single brand retail and is easing some detrimental clauses of the policy in next few weeks which will help single brand retail come…

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Proposed FDI Hike To Drive Up M&A Deals

Proposed FDI Hike To Drive Up M&A Deals

In her maiden budget, Finance Minister Nirmala Sitharaman announced reforms in FDI policies in order to encourage foreign investments in India. This proposed hike is expected to benefit the M&A sector as existing overseas investors would look to raise their stakes in their Indian joint venture companies. Sitharaman is her Budget speech said that the government is contemplating to further open up foreign direct investments in aviation, media (including animation, visual effects, gaming, and comics) and the insurance sector. Apart…

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Industry Hopes for Easier FDI Norms in Multi Brand Retail

Industry Hopes for Easier FDI Norms in Multi Brand Retail

“In line with 100% FDI in food retail, a similar policy could be considered for multi-brand retail in products that can be fully manufactured in and sourced from India,” the Federation of Indian Chambers of Commerce and Industry, told Finance Minister Nirmala Sitharaman . The debate over allowing easier foreign direct investment (FDI) norms for multi-brand retail has arisen once again. According to Finance Minister Sitharaman, multi-brand trading wasn’t going to be possible before farmers and retailers provided enough resources to face…

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FDI Equity Inflow In Services Sector Up 37 Per Cent In 2018-19

FDI Equity Inflow In Services Sector Up 37 Per Cent In 2018-19

An important sector, services sectors of India contributes over 60 per cent to the country’s gross domestic product (GDP). It serves as an attractive sector for foreign investments. According to the Department for Promotion of Industry and International Trade (DPIIT), foreign direct investment in the services sector grew 37 per cent and currently stands at $9.15 billion in 2018-19. The services sector includes banking, finance, insurance, outsourcing, courier, tech testing, and analysis. In 2017-18, the sector attracted FDI equity inflows…

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