Department of Industrial Policy and Promotion
An ‘easy entry easy exit’ option has been recognised as a necessity to attract foreign investors into construction and real estate sector, the government has come to realise. This is in order to give a leg up to the vision of developing cities. The FDI policy for the Indian real estate sector was liberalised very [...] Continue Reading »
Foreign direct investment in the services sector rose marginally to $1.03 billion during the April-July period of the ongoing fiscal, according to the Department of Industrial Policy and Promotion data. The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $1.02 billion during the first four months of [...] Continue Reading »
The Foreign direct investments (FDI) flows into India more than doubled to $3.5 billion in the month of July, according to the data that was released by the Department of Industrial Policy and Promotion today. In the month of July 2013, the country had received FDI worth $1.65 billion. During April-July this fiscal, the foreign [...] Continue Reading »
Finance Minister Arun Jaitley has recently tasked a high-level panel led by Finance Secretary Arvind Mayaram to sketch out a new framework to facilitate Non-Resident Indians (NRIs) to make investments in the country. The Centre’s efforts in having a new framework outlined for NRI investments in India is an apparent indication of the fact that [...] Continue Reading »
The department of industrial policy and promotion (DIPP) will circulate a Cabinet note next week seeking the views of all ministries concerned on a proposal for a new law — the National Industrial Corridor Authority (NICA) Act — on the lines of the National Highways Authority of India (NHAI) Act. The Pune-headquartered NICA was proposed [...] Continue Reading »
Major investment opportunities for IT giants like IBM are opening up due to the plans for smart cities which were rolled out by the Indian Government. Bank accounts for all adult Indians is also another avenue which appears lucrative to the IT giants. Vanitha Narayanan the managing director of IBM India and South Asia stated [...] Continue Reading »
In order to fast-track project approvals and cut down corruption and red-tape, the Government is working on making all clearances required for infrastructure and industrial projects available online by the end of the fiscal. The online drive, led by the Department of Industrial Policy & Promotion and the Prime Minister’s Project Monitoring Group, has identified [...] Continue Reading »
The government is working towards restoring the concessions provided to special economic zones (SEZs). In the past few years the SEZs had lost their sheen due to various factors. The issue of minimum alternate tax (MAT) and dividend distribution tax (DDT) has been taken up with the finance ministry. Since these taxes were levied on [...] Continue Reading »
The government is aiming to get most clearances done via an e-biz portals. The government is trying to digitize all the processes and it is expected that by March 31, 2015, no industry has to go to any office to file for application for clearances. 14 states have already formed the state project monitoring group [...] Continue Reading »
Foreign direct investment (FDI) in the services sector declined about 22 % year-on-year to USD 738 million during April-June period of the ongoing fiscal. Though the manufacturing and Infrastructure sector are receiving good FDI investments, the services sector needs to pick up. The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, [...] Continue Reading »
