Foreign Investment Promotion Board | Corporate Law Reporter

Government Approves one Proposal of Foreign Direct Investment

Further to para 7 of the Press Release dated September 27, 2013, wherein it was stated that decision of the one proposal will be communicated separately, the Government of India has approved the proposal of Foreign Direct Investment (FDI) amounting to Rs. 31.92 crore approximately. Following one (1) proposal has been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. in crore) 1… Read More

Tags: Asia, FDI, foreign direct investment, Foreign Investment Promotion Board, Foreign ownership, Government of India, India, Press Release

Policy on Foreign Direct Investment in the Pharmaceutical Sector

The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector. The Cabinet decided that the current policy in brownfield and greenfield projects in the pharmaceutical sector will continue subject to the additional condition that in all cases of FDI in… Read More

Tags: Brownfield land, Cabinet, foreign direct investment, Foreign Investment Promotion Board, Greenfield project, India, Ministry of Commerce & Industry, Non-compete clause

Government approves 20 FDI proposals of more than Rs 900 Crore

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on October 24, 2013, the Government of India has approved 20 proposals of Foreign Direct Investment (FDI) amounting to Rs. 915.83 crore approximately. In addition, one proposal viz., M/s Federal Bank Ltd., Kerala, amounting to Rs. 1400.00 crore has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA). Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 24.10.2013 Following Twenty (20) proposals have been… Read More

Tags: Emerald Group Publishing, FDI, Federal Bank, foreign direct investment, Foreign Investment Promotion Board, Hong Kong, India, Mumbai

Fifteen FDI Proposals Approved by Government

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on August 27, 2013, the Central Government has approved 15 proposals of Foreign Direct Investment (FDI) amounting to Rs. 2000.49 crore approximately. In addition, two proposals viz., M/s IDFC Trustee Company Ltd., as proposed Trustee for India Infrastructure Fund II, Mumbai and… Read More

Tags: FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Madhya Pradesh, Massimo Dutti, Mumbai, Pama Machine Tools India Pvt. Ltd

FDI :: Government Approves 17 Proposals for Foreign Direct Investment

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 29, 2013, the Government has approved17 Proposals of Foreign Direct Investment (FDI) amounting to Rs. 992.61crore approximately. In addition, one proposal viz., M/s Jet Airways India Ltd., amounting to Rs. 2057.66 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA). Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on29.07.2013. Following 17 (Seventeen) proposals have been approved. Sl.… Read More

Tags: FDI, FIPB, foreign direct investment, Foreign Investment Promotion Board, Government, India, Mumbai, Singapore

FDI Inflow and Outgo

The total inflow and outgo of FDI during each of the last three years is as below: (Amount in Rs. Crore) Year FDI inflows# FDI outgo 2012-13 1,21,906.73 29,700* 2011-12 165,145.53 65,000 2010-11 97,320.39 31,900 # amount includes the inflows received through SIA/Foreign Investment Promotion Board (FIPB) route, acquisition of existing shares and RBI™s automatic route only. * upto December, 2012 only… Read More

Tags: Business, FDI, foreign direct investment, Foreign Investment Promotion Board, Government, LokSabha, Run batted in, Stock exchange

Review of the policy on Foreign Direct Investment (FDI)-Caps and routes in various sectors

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 6 (2013 Series) Subject : Review of the policy on Foreign Direct Investment (FDI)-Caps and routes in various sectors 1.0 The Government has reviewed the Foreign Direct Investment (FDI) caps and/or routes in various sectors, as contained in paragraph… Read More

Tags: Cabinet Committee on Economic Affairs, CCS, FDI, foreign direct investment, Foreign Investment Promotion Board, Government, Government of India, India

CLR Snippets | Examination of Hike in FDI in Defence Sector

The proposal was to allow FDI to go up to 49%, inclusive of portfolio flows, in defence production. FDI up to 26% is permissible in the defence sector, subject to licensing. However, wherever FDI beyond 26% is likely to result in access to modern and state-of-the-art technology into the country, decisions can be taken to allow… Read More

Tags: Anand Sharma, Cabinet Committee, FDI, foreign direct investment, Foreign Investment Promotion Board, India, Manmohan Singh, Retail

Central Government Approves 12 FDI Proposals

Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on July 5, 2013, the Central Government has approved twelve (12) Proposals of Foreign Direct Investment amounting to Rs. 343.39 crore approximately. Details of the proposals considered in the aforesaid Meeting of the Foreign Investment Promotion Board(FIPB) are as follows: Following twelve (12) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (Rs. In crore) 1 M/s Total Prosthetics & Onthotics India Pvt. Ltd. Haryana An Indian company to acquire… Read More

Tags: BNP Paribas, FIPB, foreign direct investment, Foreign Investment Promotion Board, India, New Delhi, Non-banking financial company, Proposals

Competition Commission of India to issue order in the case against Coal India Limited shortly

Competition Commission of India (CCI) is expected to issue the order in the case against Coal India Limited shortly. This was stated by Mr. Ashok Chawla, Chairman, CCI during the deliberations of the 3rd meeting of the Eminent Persons Advisory Group (EPAG) in the capital today. Mr. Chawla also informed that the case in respect… Read More

Tags: cci, Chairman, Coal India, Competition Commission of India, Foreign Investment Promotion Board, Government, Gurcharan Das, Securities and Exchange Board of India

Government Approves Eight (8) Proposals of Foreign Direct Investment

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 14, 2013, the Government of India has approved eight (8) Proposals of Foreign Direct Investment amounting to Rs. 1311.54 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 14.06.2013 are as follows: Following 8 (Eight) proposals have been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. incrore) 1 M/s EuronetServices India Pvt. Ltd. Company having FDI to set up White Label ATMs. Nil… Read More

Tags: Automated teller machine, Cochin International Airport, FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Jet Airways, New Delhi

CLR Snippets | Yes Bank Limited to increase foreign equity participation upto 60 percent

Proposal of Yes Bank Limited to increase foreign equity participation upto 60 percent through a Qualified Institutional Placement (QIP) of its equity shares to eligible non-residents and/ or issue of Global Depository Receipts (GDRs) to eligible non-resident investors The Cabinet Committee on Economic Affairs today gave its approval to the proposal of Yes Bank Limited… Read More

Tags: Cabinet Committee on Economic Affairs, FIPB, foreign direct investment, Foreign Investment Promotion Board, Global depository receipt, QIP, Qualified institutional placement, Yes Bank

Government Approves 16 FDI Proposals

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 10, 2013, the Central Government has approved sixteen (16) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1646.875 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 10th May, 2013 are as follows: Following sixteen (16) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows(Rs. In crore) 1 M/s BTI Payments Private Limited, Bangalore To set-up… Read More

Tags: Andhra Pradesh, Automated teller machine, FDI, FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Venture capital