GoI statement on FDI in Oil And Natural Gas Projects
As per extant Foreign Direct Investment (FDI) policy, FDI, up to 100%, is permitted, under the automatic route, for exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas, marketing of natural gas and petroleum products, petroleum product pipelines, natural gas/pipelines, LNG regasification infrastructure, market study and… Read More
Tags: Business, FDI, foreign direct investment, Government, Liquefied natural gas, Natural gas, Petroleum, Petroleum product
Government Reviews Foreign investment Policy for Assets
Government Reviews Foreign investment Policy for Assets Reconstruction Sector; Ceiling for FDI in ARCs increased from 49% to 74% The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs)… Read More
Tags: Asset Reconstruction Company, FDI
16 FDI Proposals Worth Rs. 923.55 Crore Approved
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 20, 2011, the Central Government has approved 16 Proposals of Foreign Direct Investment (FDI) amountingto Rs. 923.55 crore approximately. Following 16 (Sixteen) proposals have been approved. Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (` In crore) FOOD PROCESSING INDUSTRIES 1 M/s Global Gourmet Pvt. Ltd., Gujarat Ex-post facto approval for issue of shares on partly paid basis to… Read More
Tags: FDI, foreign direct investment
100 % FDI planned in Sea Plane Operations
Government is planning 100 per cent foreign direct investment in sea plane operations as there is scope of phenomenal growth of sea plane, general aviation and helicopter travel. "With India having a long coast line, there is a need for concerted efforts to promote sea plane operations. They are significant for the economy of islands… Read More
Tags: FDI, foreign direct investment
Government ordered inter-ministerial group to examine FDI in Pharma Sector
The government ordered the constitution of an inter-ministerial group to review India's foreign direct investment (FDI) norms in Rs 47,000-crore pharmaceutical sector. The directions were issued in a meeting of the Cabinet Committee of Economic Affairs , chaired by prime minister Manmohan Singh. The inter-ministerial group has to examine all concerns related to foreign direct… Read More
Tag: FDI
FDI declined by 26 percent
Despite efforts by the Commerce & Industry Ministry, India's Foreign Direct Investment (FDI) during April-February 2010-11 has declined by 25.6 per cent to USD 18.3 billion. During April-February 2009-10, the country's FDI stood at USD 24.62 billion. Commerce and Industry Minister Anand Sharma said that fresh investments particularly in services sector--computer (software and hardware), telecom, construction and… Read More
Tag: FDI
Consolidated Foreign Direct Investment (FDI) Policy, April 2011
Department of Industrial Policy & Promotion has issued the Consolidated FDI Policy , which will be effective from 1st April 2011. The Policy will subsumes and supersedes all Press Notes/Press Releases/Clarifications/ Circulars issued by DIPP, which were in force as on March 31, 2011. This circular shall be further superseded by a Circular 2 of… Read More
Tag: FDI
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