The central government is taking a slew of measures to promote foreign direct investment in Indian companies and thereby improve capital flows into the country. As part of this effort, the Department of Industrial Policy and Promotion (DIPP) would soon move a Cabinet note to amend the FDI policy to bring more clarity on the definition of ‘control’ in sync with that in the C
Tag: FDI
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Govt may introduce policy for steel sector
Press reports suggest that the union government is discussing a new steel policy and it would be introduced soon in order to promote overall growth of the sector. According to reports, the new policy would address several issues including foreign direct investments (FDI), land acquisitions and environment clearances. The new policy would make sure that such problems did
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Govt clears 14 FDI proposals worth Rs 13 bn
Mumbai-based Hindustan Port received government approval to receive foreign funds worth Rs 440 crore for investment in downstream companies. The above plan is part of the 14 foreign direct investment (FDI) proposals worth about Rs 1,311.60 crore approved by the government recently based on the reco
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India welcomes Germany to invest in shipping sector
During his talks with a high-level German delegation, Union Shipping Minister GK Vasan asked German firms to invest in the shipping sector. Recently, a delegation led by Parliamentary State Secretary of the German Federal Ministry of Economics and Technology, Hans-Joachim Otto called on Vasan
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Prioritise urban infra
National Urban Transport Policy [NUTP] was cleared initially way back in 2006, with a vision statement, to "make our cities the most liveable in the world and enable them to become the engines of economic growth". Given the organisation of our cities' infrastructure, it will be a mammoth task for any city to bring order and predictability, let alone promote sustainable forms of transport.
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Govt raises foreign investment limit in bonds
Government allowed foreign investors to invest up to $75 billion in Indian bonds compared to the earlier limit of $65 billion. The government raised this limit by allowing foreign investors to deploy an additional $5 billion each in corporate bonds issued by non-infrastructure companies and government bonds. Inves
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FIPB clears only one FDI proposal out of 14
While considering 14 proposals for Foreign Direct Investment (FDI), the Foreign Investment Promotion Board (FIPB) approved only one proposal worth Rs 27.27 crore, the Finance Ministry said in a statement. Of the remaining proposals, decision on six were deferred while seven other proposals were rejected. Decision of these 14 pending proposals was deferred at its earlier meeting, the Finance Ministry said in
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Reinventing IndiaÂ’s road infrastructure
Highway award and implementation has faced a major slowdown this fiscal, but most of the factors are the usual suspects. Then why is this year different? Rohit Chaturvedi and Tejaswi Subramanian explain the potential pitfalls and silver lining in the sluggishness. After a year of aggressive bidding and flourishing business, the road sector has seen a marked slowdown this year in the number of allotments made or expected to be made by the National Highways Authority of India (NHAI).
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Tariff Authority for Major Ports should be abolished
Differential tariffs for major and minor or private ports will have a debilitating impact on investment in major ports such as JNPT, says L Radhakrishnan, Chairman, JNPT, in an interview with Janaki Krishnamoorthi. Over the years, the Indian ports sector has witnessed structural changes, with state monopoly gradually giving way to greater private sector participation in port investÂment.
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Does weak market condition favour EPC model?
Going the EPC way may not be all about targeting less viable geographic sectors. It may be a Hobson's Choice stemming out of weak investment scenarios,