Thailand, Indonesia want unconditional access to India's multi-brand retail space.
Ideas don't have border controls and visas.
Ecommerce firms will have it tough as govt turns down FDI proposal.
The 15 proposals were cleared following recommendations by Foreign Investment Promotion Board.
The Enforcement Directorate has upgraded its Look out Circular (LC) issued against Byju's founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him for going abroad. The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports. Official sources said that the over an year old LC was revised sometime back in light of investors' concerns and ongoing adjudication of a FEMA contravention case against Raveendran and some others.
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
FDI into the country increased by 30 per cent to $21.62 billion during April-September this fiscal.
100 per cent FDI is now allowed in almost every major TV distribution form (direct-to-home, cable, headend-in-the-sky, multi-system operators) and 49 per cent in TV news.
Foreign direct investment (FDI) inflows into India in 2010 are said to have decelerated by 31 per cent in 2010, according to a report by the United Nations Conference on Trade and Development (UNCTAD), which is based on data from the Reserve Bank of India (RBI).
Recent easing of restrictions does not address the pain in the sector.
Fitch had last rated India in 2010, giving India's foreign and local currency rating at 'BBB-/stable'.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
No reason was cited for rescheduling of the meeting.
In addition, the region may become more attractive to "efficiency-seeking" FDI, owing to the plans of several countries such as India and China, Indonesia and Vietnam to develop their infrastructure.
In 2008, the textiles industry had attracted FDI worth Rs 869.6 crore (Rs 8.69 billion).
This FDI includes equity, re-invested earnings and other capital.
High FDI inflows have big benefits for any economy. India thus needs to attract more investment.
AAP, set to form the government in Delhi, had said it was opposed to foreign direct investment in multi-brand retail.
Is this a new "secession of the successful", coming a generation after the flight of professional middle class talent that created the so-called global Indian diaspora?
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
A total of 763 FDI proposals worth over Rs 1.78 lakh crore were filed across various states in India during 2011-12, according to Assocham.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
Domestic traders body CAIT on Thursday claimed that e-commerce major Amazon's plan to acquire Prione Business Services - its joint venture firm with Catamaran - will be a violation of foreign direct investment policy. Amazon has said it will acquire Prione Business Services, subject to requisite regulatory approvals. In August, Amazon and NR Narayana Murthy's Catamaran had announced that they will not continue their joint venture Prione Business Services beyond May 2022.
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
While most other big companies like Tata, Mahindra and Reliance remain non-committal on FDI, Nikhil Gandhi was the lone voice supporting 51 per cent FDI through the automatic route.
India can attract significant FDI, says experts.
The government has hiked foreign investment caps.
India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months. The forex reserves were last above the $600 billion mark on August 11 this year. "India's foreign exchange reserves stood at $604 billion as on December 1, 2023.
India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
Currently, FDI up to 26 per cent is permitted through automatic approval route.
'Last year, India exported more software than Saudi Arabia exported oil.' 'Last year India got $83 billion of private equity.' '50 percent of India's FDI has come in the last five years.'
For achieving $30 billion, the country would need over $11 billion FDI in the last five months of the fiscal in the midst of a global credit freeze. Riding on the back of impressive inflows of $25 billion in 2007-08, the government had aimed at $35 billion FDI for the current fiscal.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
Foreign direct investment to the developing world surged by 40 per cent at $233 billion in 2004 driven largely by an increase in registered greenfield projects, half of which is accounted by India and China, UNCTAD said on Thursday.
Increased investments in traditional manufacturing sector helped India surpass South Korea to become Asia's fourth largest FDI recipient in 2006, a UNCTAD report said.
Overall foreign inflows into the country grew by 8 per cent to $ 24.29 in the last fiscal as against $ 22.42 billion in 2012-13.
India, still punching well below its weight in terms of drawing foreign investment, showcased its vast potential in Singapore and sought more FDI in the country's lucrative infrastructure sector.\n\n\n\n
South Korean envoy described the Posco investment as the biggest FDI project in India.
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