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English Release 2-March 2015
Date Month Year
  • President's Secretariat
  • President of India to present the standard to 21 SQN & 116 HU of Indian Air Force
  • Min of Agriculture
  • Siraj Hussain Assumes Charge as Secretary, Department of Agriculture and Cooperation
  • Ashok Kumar Angurana assumes Charge as Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture
  • Min of Civil Aviation
  • No Proposal to Privatize Airports
  • Min of Coal
  • Coal to Liquid Pilot Project
  • Production of Coal from Underground Mines
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), January, 2015
  • Cement Industry Should Grow by 20-25 Percent over the next three Decades – DIPP Secretary
  • Min of Consumer Affairs, Food & Public Distribution
  • Ram Vilas Paswan asks CWC to gear up for Make in India program
  • Min of Defence
  • 12th Air Force Civilians Inter-Command Football Tournament comes to an end
  • Min of Food Processing Industries
  • Shri Ranglal Jamuda Assumed Charge as Secretary, Ministry of Food Processing Industries
  • Min of Human Resource Development
  • Steps Towards Reducing Dropout Rate of Students
  • Incentives for Girl Students
  • Career-Oriented Short Term Courses in Universities and Colleges
  • Min of Micro,Small & Medium Enterprises
  • Products under MSME Sector
  • Promotion of Cottage Industries
  • Make in India Policy for MSME Sector
  • Grading System for MSME Sector
  • Promotion of MSME Clusters
  • Promotion of Traditional Industries
  • Promotion of Manufacturing Sector
  • Research and Development by KVIC
  • Financial Assistance for MSME
  • Min of New and Renewable Energy
  • Encouragement of Solar Power Projects
  • Encouragement of Solar Power Projects
  • Establishment of Solar Power Plants
  • Clean Energy Co-Operation Between India and US
  • Electricity from Paddy Straw
  • Min of Petroleum & Natural Gas
  • Cess on Petroleum Products
  • Shale Oil and Gas
  • LPG Distributors/ Retailers in J&K
  • Cash Subsidy Scheme for LPG
  • Bharat Stage Auto Fuels
  • Daily Crude oil price of Indian Basket was US$ 59.85/bbl on 27.02.2015
  • Budget proposals 2015-16 for Petroleum & Natural Gas sector
  • Min of Power
  • Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Ministry of Railways
  • Development of Railway Infrastructure with State Cooperation
  • ‘Go India’ Smart Card for Train Tickets
  • Provision of Safe Drinking Water at Stations
  • Use of Non-Conventional Energy Sources in Railways
  • New Line Projects on Indian Railways
  • Redevelopment of Railway Stations to International Standards
  • Development of Multi Functional Complexes on Railways
  • Suresh Prabhu Launches Passenger Friendly ‘Customer Complaint Web Portal and Mobile App’
  • Min of Road Transport & Highways
  • Committee Set up to Formulate Safety Standards for Car Manufactures
  • Government Fast on Execution of Road Projects
  • Government Determined to Check Road Accidents
  • Min of Science & Technology
  • National Science Day Awards
  • Min of Shipping
  • Proposal for 101 More National Waterways
  • Government to Set up INW TG
  • Min of Social Justice & Empowerment
  • Meeting of UN-ESCAP working Group on the Asian and Pacific Decade of Persons with Disabilities Gets Underwa
  • Ministry of Tourism
  • Foreign Tourist Arrivals during the period January-December 2014 grow by 7.1%, as compared to a growth of 5.9% during January-December 2013
  • 50 circuits have been identified across India for the development of tourism
  • Min of Urban Development
  • Delhi Development Authority’s role to be Revisited in the Context of Development Needs of Delhi
  • Min of Youth Affairs and Sports
  • Information to be hoisted mandatorily by IOA & NSFs on their Websites

Previous Date

 
Ministry of Commerce & Industry26-November, 2012 16:52 IST
FDI in Various Sectors

As per extant FDI policy, FDI, up to 26% is permitted, in the defence sector, with prior Government approval. Government has, further, interalia announced the following decisions:-

(i) Amendment of certain conditions relating to FDI, up to 100%, in single brand retail trading, vide Press Note No. 4(2012 Series) dated 20.9.2012

(ii) Permitting FDI, up to 51%, in multi-brand retail trading, subject to specified conditions, vide Press Note No. 5 (2012 Series) dated 20.9.2012

(iii) Permitting foreign airlines to invest, in the capital of Indian companies, operating scheduled and nonscheduled air transport services, up to the limit of 49% of their paid-up capital, vide Press Note No.6 (2012 Series) dated 20.9.2012

(iv) Permitting FDI, up to 49%, in power exchanges, vide Press Note No. 8 (2012 Series) dated 20.9.2012

The above mentioned decisions have been incorporated in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 vide Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Sixth Amendment) Regulations, 2012 notified in the Gazette of India: Extraordinary vide G.S.R.795(E) dated 19.10.2012.

It is the Government’s assessment that implementation of the policy is likely to facilitate greater FDI inflows into front and back-end infrastructure; technologies and efficiencies to unlock the potential of the agricultural value chain; additional and quality employment; and global best practices. This, in turn, is expected to benefit consumers and farmers in the long run, in terms of quality and price. The 30% mandatory sourcing condition has been incorporated to encourage local value addition and manufacturing. The increased level of activity, in the front-end, as well as in the back-end, resulting from greater FDI inflows, is expected to create additional employment opportunities for rural and urban youth. It is, further, expected to encourage existing traders and retail outlets to upgrade and become more efficient, thereby providing better services to consumers and better remuneration to the producers from whom they source their products.

The consultations with key stakeholders regarding FDI in multi-brand retail trading brought out views both for and against FDI in multi brand retail trading. On balance, however, the discussions generally indicated support for the policy, subject to the introduction of adequate safeguards. The necessary safeguards have, accordingly, been incorporated in the policy and are expected to protect the interests of various stakeholders. Government has also decided to constitute a high-level group to make recommendations on internal trade reforms, with a view to ensuring distributional efficiencies and also that the benefits from trade are available to all sections of society.

Two proposals have been received for FDI up to 100% in single brand retail trading (from M/s Ingka Holding Overseas B.V, Netherlands and M/s Fossil India Private Limited). Further, seven proposals have been received, for single brand product retail trading, with foreign equity participation up to 51% (from M/s Fapa Company Ltd., Samoa; M/s Promod S.A.S, France; M/s Tommy Hillfiger B.V, The Netherlands; M/s NA Pali Europe SARL; M/s The Semex Alliance, Canada; M/s Le Cruset SAS France and M/s Sketchers South Asia Private Limited). No proposal has been received for FDI in multi-brand retail trading.

The proposals require in-depth examination with reference to the policy parameters and safeguards. As such, no timeframe can be specified for a decision on these proposals.

This information was given by the Minister of State for Commerce & Industry Dr. S. Jagathrakshakan in written reply to a question in Lok Sabha today.

******


DS
(Release ID :89441)

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