Other Briefings
Standard Chartered to Raise US$500 Million in Mumbai Listing
Mar. 31 – Standard Chartered Bank is poised to obtain the first foreign company listing in India with its submission of a draft prospectus to the Indian Stock Exchange. The bank aims to raise US$500 million through issuance of the first Indian Depository Receipt (IDR), a move which will allow Indian investors to buy into […]
New Consolidated FDI Document to be Released Today
Mar. 31- The government is scheduled to release a single, consolidated document on foreign direct investment today. The new document will make it easier for foreign investors to navigate through the intricacies of doing business in the country. Currently, investors have to refer to foreign direct investment rules found in more than 177 Press Notes […]
India to Sign Free Trade Agreement with European Union
Mar. 29 – India’s Commerce and Industry Minister Anand Sharma confirmed government commitment last week to enter into a free trade and investment agreement with the European Union by October. “We are working on it. As far as we are concerned, we have a commitment,” Sharma was quoted by The Hindu as saying when asked […]
New Law May Threaten Mauritius Tax Treaty
Mar. 25 –India’s new tax code may cancel Mauritius’ advantage as a tax haven for foreign investment entering the country as the government decides to increase tax revenue from the financial services industry. If the tax code proposal is approved, it could dent foreign investment from private-equity, hedge funds and mutual funds that invest into […]
India to Open Nine US$1 Billion Road Projects for Bidding
Mar. 23 – India is opening nine road projects worth more than US$1 billion each for bidding in the coming months in an effort to improve its underdeveloped infrastructure sector. India is one of the major emerging economies in the region with various untapped business opportunities for foreign investors. The upcoming road projects are expected […]
India to Release New FDI Policy by March 31
Mar. 22 – Indian Commerce and Industry Minister Anand Sharma announced plans last week to develop India as one of the world’s leading manufacturing workshops with plans to soon release a new foreign investment policy directive at the end of the month to stimulate investment. Indian industry is dominated by the service sector and there […]
Nuclear Power Sector to Remain Closed to Investment
Mar. 19 – India’s Minister of State for Science and Technology confirmed on Wednesday that no foreign or local investment will be allowed in the nuclear power sector because of its extremely sensitive nature. “The government has no proposal to allow FDIs and domestic private sector participation in generation of nuclear energy, given the sensitivity […]
Government Expands List of Operations in Special Economic Zones
Mar. 17 – The list of operations that can be carried out independently by special economic zone authorities has been expanded to include establishing space for banking and warehousing services. Previously SEZ developers were required to get approval for the latter. “It has been decided to further expand the list of default authorized operations…the development […]
