'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
Prime Minister Narendra Modi on Friday said his government has within 100 days in office steered the economy out of a "difficult situation" and brought stability, and promised to remove roadblocks to foreign investment.
Defending its policy of liberalising foreign direct investment in retail, the government confirmed that it would go ahead with its plan to expand its ambit.
It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, the government said.
Government may allow foreign direct investment in "branded and dedicated retail segment" in an attempt to boost investment in employment generating sectors.
The department of telecom has rejected any suggestion to put 74 per cent foreign direct investment under the automatic route saying it is not feasible on account of national interest.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
India is poised to capture a large chunk of global business on the back of high economic growth, liberal foreign direct investment regime and a skilled human reservoir, Commerce Minister Kamal Nath said on Friday.
John B Menzer, president and CEO of Wal-Mart International, today met Prime Minister Manmohan Si
As Amazon India, Flipkart are forced to shut down 60 categories and push out 45 mn products, a new lobby group comprising sellers is in the making to take up e-com concerns.
Apple's online launch is a symbol of success for FDI in single-brand retail, though there's no indication of how much the Silicon Valley major would invest in the country.
A bench of Chief Justice N V Ramana and Justice Manmohan issued notice to Civil Aviation Ministry, DGCA and others and sought their response by October 30.
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
Opens operations in high-speed train, freight and suburban corridors to private sector
Tesco was the first global retailer to apply for multi- brand retailing in India.
The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
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.
In the last three years, the United States has taken over Russia as the largest supplier of weapon systems to India, Lok Sabha was informed on Tuesday. Answering a written query in the Lower House, Defence Minister Arun Jaitley said in the last three years, India pent Rs 83,458 crore for procuring equipment from foreign vendors which included Rs 32,615 crore worth of supplies from the US whereas Russia exported hardware worth Rs 25,363.96 crore in this period.
'An explanation perhaps lies in the culture of revisions that has grown deep roots in the government data collection system,' notes A K Bhattacharya.
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
Modi, however, admitted that both countries face numerous economic challenges in the current global environment which directly affect trade and commerce
Global retail giant Walmart is expected to soon firm up its plan to foray into India's multi-brand sector.
You will be part of fastest growing major global economy, India's ambassador to the US Harsh Vardhan Shringala told young American students.
Most e-commerce firms with 'Singapore holding structures' would opt out of the new Sebi platform
Currently, 100 per cent FDI is permitted in brownfield pharma firms through clearance from the Foreign Investment Promotion Board.
However, this was subject to conditions like substantial ownership and effective control of the airline being vested in Indian nationals.
According to sources, there is a proposal to allow 100 per cent Foreign Direct Investment in single brand retail sector "through automatic route" with certain conditions.
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
The Indian government has simplified FDI policy inorder to attract global retail chains.
$5 mn FDI must come in six months: Govt to construction firms.
The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.
The overall FDI policy landscape is changing and can do so faster, says
'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.
The other sectors where inflows have declined include pharmaceuticals ( $680 million).
Delhi's Industry Secretary Amit Yadav told PTI that the city government has communicated its decision to the Department of Industrial Policy and Promotion of the government.
Towards the close of 2013, the finance ministry approved the proposal of UK-based Tesco to invest $110 million in opening up of multi-brand retail stores in the country in partnership with Tata Group firm Trent.
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances