India Opens the Door for Apple Retail Stores With New FDI Rules

HIGHLIGHTS India announced its revised FDI norms on Monday. The relaxation means Apple can bypass local sourcing norms. India has been lobbying Apple to start manufacturing in India. Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday. […]

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Farmers Body Supports Ban On FDI In Tobacco Sector

New Delhi: Pitching for a ban on foreign investment in tobacco sector, Federation of All India Farmer Associations (FAIFA) on Friday said multinational firms are using ambiguities in the FDI policy to endorse international brands in the country, which encourages illegal trade. FAIFA, which claims to represent ‘lakhs of tobacco growers’ in India, alleged the […]

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Government Weighs Relaxing FDI Norms In Brownfield Pharma Companies

New Delhi: Government is considering a proposal to relax foreign direct investment (FDI) norms in existing pharmaceutical companies with a view to attracting more overseas inflows. According to a proposal of the Finance Ministry, FDI up to 49 per cent should be allowed through the automatic route and anything beyond through approval of the Foreign […]

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NITI Aayog Concerned Over Total FDI Ban In Tobacco Sector

New Delhi: The proposal to completely ban foreign direct investment (FDI) in the tobacco sector has run into rough weather as NITI Aayog has raised certain issues on the plan. However, the proposal of the Department of Industrial Policy and Promotion (DIPP) has got the support of the Finance Ministry. The DIPP is expected to […]

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Commerce Ministry Releases Annual FDI Compendium

New Delhi: With a view to provide a ready reckoner to foreign investors, the Commerce and Industry Ministry on Wednesday came out with an updated compendium incorporating all policy changes effected over the last one year. For the purposes of FDI policy in private security agencies, it has defined the terms “private security agencies”, “private […]

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FDI Inflows Jumped 42% Since June 2014: Commerce Minister

New Delhi: Commerce Minister Nirmala Sitharaman on Tuesday said foreign direct investment went up 42 per cent since the NDA government assumed office in May 2014. Highlighting “massive steps” taken by the Narendra Modi government to attract foreign investment in the country, the minister said 17 more sectors were further liberalized for FDI. She said […]

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commerce Ministry Releases Annual FDI Compendium

New Delhi: that allows you to provide a equipped reckoner to overseas investors, the commerce andindustry Ministry on Wednesday came out with an up to date compendium incorporating all policymodifications effected over the past 365 days. For the purposes of FDI policy in personal security businesses, it has defined the phrases “personalsafety agencies“, “non-public safety” […]

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Nirmala Sitharaman Says Discussing Apple’s Request For FDI regulations Waiver

New Delhi: The Indian government on Monday said it changed into discussing Apple Inc’s foreign directinvestment utility that seeks a waiver from a nearby sourcing rule. Nirmala Sitharaman, trade and enterprise minister inside the cupboard, informed reporters her ministrycould speak the issue with the finance ministry. The finance ministry’s overseas funding promoting board (FIPB), which […]

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