Other Briefings
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 […]
FDI in Sensitive Sectors to be Scrutinized
Mar. 16 – India is considering draft rules that will allow authorities to implement extra scrutiny on foreign direct investment projects approved on the automatic route and included in the list of sensitive sectors. The Ministry of Home Affairs has been tasked to compile a list of sensitive sectors where FDI will be subject to […]
India’s Education Industry Opens to Foreign Universities
Mar. 16 – India may soon be the next major market for the global education industry as a proposal to allow foreign universities to open branches in the country was approved by cabinet. When the Foreign Education Providers (Regulatory) Bill is finally made into law by parliament, foreign universities will be able to enter the […]
