Major players from hospitality, retail, construction and other sectors have held wide-ranging discussions with the DMICDC on investment and partnership opportunities in the Rs 26,000 crore International Exhibition-Cum-Convention Centre (ECC) proposed to be built in Dwarka, New Delhi.
Tag: DIPP
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KINFRA participates in Aero India 2017
Aero India 2017, 'Asia's Premier Air Show', organised by Defence Exhibition Organisation, Ministry of Defence and Government of India, is a biennial Air Show and Aviation Exhibition.
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Instrumental Role
The government has appointed Amitabh Kant, Secretary in the Department of Industrial Policy and Promotion (DIPP), as full-time Chief Executive Officer of NITI Aayog. Kant, who has been helming some of the marquee initiatives of the Narendra Modi Government, will take over the job after his retirement as secretary in February end.
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Ports – Porting Ahead
A lot of optimism has set in with 100 per cent FDI inflow, the Sagarmala Project, greater thrust on PPP projects, and the Ă´Make in IndiaĂ´ initiative. The Indian ports and shipping industry plays a vital role in sustaining growth of the countryĂ´s
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India calling
In a move that could help consolidation, the government, just this September, approved rules for spectrum trading, allowing companies to buy and sell spectrum among themselves.
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The sum & substance
Finance Minister Arun Jaitley, at the recent CII AGM could not resist bringing in the travails of the land law during the address. Ă´The land law of 2013 is detrimental to rural India,Ă´ he stated in alarm.
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Well-developed infrastructure is key to development
Well-developed backward and forward infrastructure is essential for manufacturing. Building a high class infrastructure is crucial to spur growth in manufacturing sector and enhancing the competitiveness of this sector in India.
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FDI Ultimate Game Changer
Though investment in infrastructure is expected to touch $1,025 billion in the Twelfth Five-Year Plan (2012-17), many hurdles are choking investment inflows despite the governmentĂ´s overdrive to attract funds. The governmentĂ´s recent decision to open up the railway sector to Foreign Direct Investment (FDI)
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FDI dips 3 per cent in 2013
Foreign Direct Investment (FDI) in India dipped by 3 per cent to $22.03 billion in 2013, according to data from the Department of Industrial Policy and Promotion (DIPP). In 2012, India attracted $22.78 billion of FDI. Services, pharmaceuticals, automobiles, construction development, telecom, computer software and hardware, chemicals and power were among the sectors that attracted FDI in 2013.
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Decision on FDI policy in Railways soon
Commerce and Industry Minister Anand Sharma said that the Cabinet will soon take a view on liberalising foreign direct investment (FDI) policy in railways sector. The department of industrial policy and promotion (DIPP) has proposed to allow 100 per cent FDI in high-speed train systems, suburban corridors, high-speed tracks and freight lines connecting ports and mines. However, existing passenger and freight network operations will not be opened to foreign investors.