Other Briefings
India’s New Consolidated FDI Policy Available for Download
Apr. 2 – India’s Ministry of Commerce and Industry has released a copy of the new consolidated FDI policy circular effective starting April 1. The document is part of a government effort to make it easier for more foreign investments to enter the country to help improve industrialization and socio-economic development.
Indian Exports Up by 34 Percent in February
Apr. 1 – Signaling strong growth for the Indian economy, exports in February expanded by an impressive 34 percent to US$16.09 billion. Exports grew for the fourth month in a row. In January, exports increased by 11.5 percent to US$14.34 billion. On the other hand, imports amounted to US$25 billion in February, an increase of […]
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 […]
Antwerp Port Authority Opens Branch in Pune
Mar. 26 – The Antwerp Port Authority opened its second branch office in Pune as part of its plans to further develop business outside Europe and generate cargo for Antwerp. The first Antwerp Port Authority branch office opened in Mumbai in 2006. The Port of Antwerp is Europe’s second-largest port and its Antwerp Port Authority […]
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 […]
Advance Tax Collection Increases in Mumbai
Mar. 22 – Advance tax collection for the January-March quarter in the Mumbai region was up by 3.5 percent compared to the same period last year, indicating better profits for corporate India despite the financial crisis. The Mumbai region contributes close to 40 percent of the total advance tax collections in India with the highest […]
