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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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Better Business Climate, Easier Trade Norms Will Facilitate FDI In India: IMF

Better Business Climate, Easier Trade Norms Will Facilitate FDI In India: IMF

According to International Monitory Fund (IMF), easing the existing business climate and relaxing trade policies and norms will help India attract more foreign direct investment, which will improve the current account deficit situation. In its External Sector Report for India, the International Monitory Fund has said that even though liberalization of foreign direct investment in India has witnessed progress, portfolio flows continue to remain controlled. India’s trade barriers persist to be significant, it said, adding steps to contain fiscal deficit…

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Suresh Prabhu Confident Of Meeting 100 Billion Dollars FDI In India Target By Year 2020

Suresh Prabhu Confident Of Meeting 100 Billion Dollars FDI In India Target By Year 2020

Commerce and industry minister Suresh Prabhu in Feb 2019 said the government has set a target of attracting 100 billion dollars’ worth foreign direct investment into the country by the fiscal year of 2020. The minister said that the government is working on a blueprint in order to attract the set target and is conducting sector analysis for oversea investments. The government is also preparing suitable policies which will help bring in significant FDI equity inflows. “We have removed almost…

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FDI In India Grew 18% In 2017-18 To Rs. 28.25 Lakh Crore, RBI Data Show

FDI In India Grew 18% In 2017-18 To Rs. 28.25 Lakh Crore, RBI Data Show

According to data released by the Reserve Bank of India (RBI), foreign direct investment (FDI) in India during the previous fiscal year of 2017-18 increased 18 per cent to Rs. 28.25 lakh crore. Foreign investments increased by Rs 4, 33,300 crore. This included the including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value, according to the data by RBI on ‘Census on Foreign Liabilities and Assets of Indian Direct Investment Companies,…

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India’s Paper Sector Gets Largest FDI In India Ever

India’s Paper Sector Gets Largest FDI In India Ever

Asia Pulp and Paper (APP) is about to set up India’s largest mill with an astounding capacity of five million tonnes per annum. The total investment will amount to roughly 3.5 billion dollars. On January 9, a Memorandum of Understanding (MoU) was signed between the Asia Pulp and Paper (APP) and The Andhra Pradesh Economic Development Board (APEDB) to set up the county’s largest paper mill in the state with a capacity of five million tonnes per annum. The investment…

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