Department of Industrial Policy and Promotion
Post the Modinomics wave, the foreign investors are showing a lot of confidence in the Indian markets. Foreign direct investment (FDI) flows to India surged by about 34 % to $ 1.92 billion in June. This was published in an official data prepared by the Department of Industrial Policy and Promotion. In June 2013, the [...] Continue Reading »
The US and India are working on a bilateral mechanism that will help ease flow of investments from American companies into infrastructure projects in India. The proposal, which has been made by the US Department of Commerce, will establish a platform to assist US investors in infrastructure navigate through regulatory and procedural hurdles in the [...] Continue Reading »
The present government in their first budget may not have had made a big splash as that had been expected but the administration plans that move at the fast speed is ensuring that its proposals are actually being implemented over the next few weeks and that the prime minister is able to celebrate this in [...] Continue Reading »
Seeking to streamline the foreign investment regime, the commerce and industry ministry has proposed to introduce a composite cap which will include FDI (Foreign Direct Investment), FII (Foreign Institutional Investment) and other instruments in various sectors. In a draft cabinet note, which was circulated for inter-ministerial consultations, the DIPP (Department of Industrial Policy and Promotion) [...] Continue Reading »
The Department of Industrial Policy and Promotion (DIPP) has urged the Finance Ministry to increase the budget outlay for the prestigious Delhi-Mumbai Industrial Corridor (DMIC) by 11 times – to Rs. 7,478 crore – in FY15. The manifold increase proposed by the DIPP for the FY15 budget outlay for DMIC will give a substantial push [...] Continue Reading »
Haryana better than Gujarat in terms of business and regulatory environment: Planning Panel official
A senior official has said it was Congress-ruled Haryana, and not Narendra Modi’s Gujarat, which topped a recent Planning Commission-sponsored study that evaluated states over business and regulatory environment. Perhaps hile the Congress is red faced over government-commissioned surveys giving credit to the Gujarat model. Deloitte, which carried out the Planning Commission sponsored study, ranked [...] Continue Reading »
The department of industrial policy and promotion (DIPP) secretary Amitabh Kant on Wednesday stressed on the need for amending the existing Land Acquisition Act stating that it has become difficult to acquire land for construction of roads, ports and creating other infrastructure under the act. He points out that a lot of projects have been [...] Continue Reading »
The Department of Industrial Policy and Promotion (DIPP) will try redrafting the recently enacted Land Acquisition, Rehabilitation and Resettlement Act after the new government is formed. Amitabh Kant, secretary, DIPP points out that the new (land acquisition) Act is extremely bureaucratic, with the introduction of a social impact assessment. It has very time consuming processes. [...] Continue Reading »
As per the data by Department of Industrial Policy and Promotion (DIPP) in 2012, India collected $22.78 billion of FDI. Services, pharmaceuticals, automobiles, construction development, telecommunications, computer software and hardware, chemicals and power were the sectors that attracted foreign investment in 2013. The countries which invested in India consist of Mauritius, Singapore, UK, Netherlands, Japan, [...] Continue Reading »
Foreign direct investment (FDI) into the services sector dropped by 60 percent to USD 1.59 billion in the last three quarters of year. This sector includes banking, insurance, outsourcing, R&D, courier and technology testing, it received FDI worth USD 4.04 billion in the April-December period of 2012, and this is according to the data collected [...] Continue Reading »
