India will continue with the policy of allowing 100 per cent foreign investment in existing pharmaceutical firms, the government said Wednesday. In a Press Note, the Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and Industry also said that the Foreign Investment Promotion Board (FIPB) will decide on the contentious non-compete […]
India’s Commerce and Industry Minister Anand Sharma said the government would take an early view on relaxing Foreign Direct Investment (FDI) norms in railways and construction. He told reporters on the sidelines of an event here Friday that the discussions were on in this regard. “Finance minister, myself and urban development minister will be sitting […]
The government will further liberalise the foreign direct investment (FDI) policy in the coming weeks to attract higher overseas investments, Commerce and Industry Minister Anand Sharma said Wednesday. “The government will continue its endeavour for liberalising the FDI Policy further in the coming weeks to ensure that India retains its leadership position for attracting foreign […]
The Foreign Investment Promotion Board (FIPB) Monday approved a proposal of British telecom major Vodafone Group Plc to increase its stake to 100 percent in the Indian holding with an investment of around Rs.10,141 crore ($1.7 billion). Vodafone would now need final approval from the union cabinet. “We are pleased to have obtained FIPB approval […]