FIPB
Investment sentiments of consumers in India might soon improve, as the government has given its consent to 25 proposed Foreign Direct Investments (FDI). While the FDIs are not going to be placed directly in the real estate market, they would, however, play an important role in reviving the country’s economy, imbuing similar effects on the [...] Continue Reading »
World’s largest furniture retailer Ikea today said it has plans to invest Rs 12,500 crore to set up 25 stores in the country over the next decade. The new stores, each needing investment of around Rs 500 crore, will come in the cities like Mumbai, Delhi, Hyderabad and Bangalore, the Swedish furniture retailer said. Ikea [...] Continue Reading »
The Foreign Investment Promotion Board (FIPB) has cleared 19 FDI proposals including that of Walt Disney Company and Reckitt Benckiser (India) entailing total investments of Rs 2,326.72 crore. The Finance Ministry in a press release in its meeting held on June 11, 2014, mentioned that based on the recommendations of FIPB, the Government has approved 19 proposals [...] Continue Reading »
Six FDI proposals with estimated investments of Rs. 551 crore, including Mauritius-based Destimoney Enterprise’s Rs. 489.99 crore proposal for subscribing to partly paid equity shares of PNB Housing Finance Ltd., have been cleared by FIPB. Amri India Pvt. Ltd.’s Rs. 59.95 crore proposal for a fresh and renewed investment of $ 10 million from its [...] Continue Reading »
The MNCs are waiting with a bated breath to invest in India. There were a lot of oppositions against FDI in retail in the last few sessions of the parliament during the UPA regime; however the foreign investors are expecting the new government to take some favourable decisions for them. The Finance Ministry will take [...] Continue Reading »
Should the FIBB (Foreign Investment Promotion Board) remain with the Ministry of Finance or should the Department of Industrial Policy & Promotion (DIPP) take charge? This is a burning question of immense importance asked by the PMO (The Prime Minister’s Office) to the Cabinet Secretariat, say sources, keeping in mind it is the nation’s only [...] Continue Reading »
