FIPB agenda
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 »
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 »
