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English Release 18-December 2014
Date Month Year
  • President's Secretariat
  • President of India congratulates ISRO for the successful launch of GSLV-MARK III
  • Prime Minister's Office
  • PM greets the citizens of Qatar on their National Day
  • Prime Minister Congratulates scientists for successful launch of GSLV Mk-III.
  • Department of Space
  • First Experimental Flight of India’s Next Generation Launch Vehicle GSLV MK-III Successful
  • Election Commission
  • Facts at a Glance: Jammu & Kashmir
  • Min for Develop. of North-East Region
  • Separate Time Zone for Ner
  • Min of Chemicals and Fertilizers
  • Government Asserts that Prices of Life Saving Drugs have been Reduced

  • Min of Coal
  • Mines under CIL
  • Steps Proposed by the Government to Reduce Such Huge Imports of Coal
  • Clean Energy Tax
  • Min of Earth Science
  • Cyclone Centres in Various Coastal States
  • Ministry of Finance
  • Amended Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
  • Government of India Signs Agreements with Germany worth Euro 625 Million for Financial Cooperation to Support “Green Energy Corridors (GEC)” Project under Indo German Bilateral Development Cooperation
  • Min of Food Processing Industries
  • Harsimrat Badal Launches ‘Fruits and Vegetable Availability Maps of India’ Report
  • Min of Home Affairs
  • PRESS NOTE

  • Union Home Minister hopes for cancellation of bail granted to Zaki ur-Rehman Lakhvi
  • Member of U.S. House of Representatives calls on Union Home Minister
  • Min of Labour & Employment
  • Shri Bandaru Dattatreya Chairs Parliamentary Consultative Committee Meeting
  • Min of Micro,Small & Medium Enterprises
  • Use of E-Charkha and E-handloom in production of Khadi
  • Scheme for promoting the MSME sector
  • Steps taken to promote export of Khadi products
  • Loans from Khadi Board and PMEGP
  • Budget for MSME Sector
  • Min of Mines
  • Mineral Production during October 2014
  • Min of New and Renewable Energy
  • Promotion of Solar Energy
  • Renewable Energy Policy
  • Energy Deficiency Issues
  • Electricity from Paddy Husk
  • Biomass Based Power Generation
  • Min of Parliamentary Affairs
  • Shri M. Venkaiah Naidu congratulates ISRO scientists on successful launch of GSLV Mk-III
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointment
  • Views invited for proposals on Civil Services Examination
  • No reduction in retirement age
  • Officers belonging to SC/ST/OBC in All India Services
  • ACC Appointments
  • Min of Petroleum & Natural Gas
  • Video conferences for review of DBTL in Punjab & Haryana
  • Global crude oil price of Indian Basket was US$ 57.29 per bbl on 17.12.2014
  • Min of Power
  • Upgradation of Delhi’s Power Infrastructure to Begin Tomorrow
  • Components of DDUGJY
  • Energy Efficiency
  • PLF in Thermal Power Sector
  • Investment in Power Sector
  • Government sets up an Independent Government Company-POSOCO for Reforms in Power Sector
  • Ministry of Railways
  • Railway Minister Flags Off New Shatabdi Express Between New Delhi and Bhatinda
  • Min of Road Transport & Highways
  • E- rickshaws a Great Help to Poor People: Shri Nitin Gadkari
  • SUTP Expected to be Complete by November 2015
  • New Transport Application to be Launched on a Common Portal
  • Min of Shipping
  • Process Improvements in Shipping Sector
  • Min of Skill Development and Entrepreneurship
  • Skill Development Centres
  • Suitable Skills for Labour Market
  • Schemes for Women Entrepreneurs
  • Empowering Institutes for Skill Development
  • Report of National Skill Development Corporation
  • Courses for Skill Development
  • Min of Social Justice & Empowerment
  • De-Addiction Centres in Kerala
  • Higher Learning for Deaf Children in Tamil Nadu
  • Welfare Scheme for Differently Abled People
  • Research and development activities for differently-abled people
  • Reservation in Private Sector
  • Encouragement for enrolment of disabled children
  • Abuse of Elderly People
  • Min of Steel
  • Mines & Steel Minister Shri Narendra Singh Tomar Chairs Consultative Committee on Steel
  • Min of Textiles
  • Prices of Cotton
  • Setting up of Technical Training Institutions
  • Promotion of Chanderi Textile Industry
  • Trade Facilitation Centre
  • Min of Urban Development
  • Shri M.Venkaiah Naidu stresses on proper exhibition, showcasing and marketing of renowned brands of India
  • Process of regularization of unauthorized colonies in Delhi extended upto 31.03.2015
  • Swachh Bharat Mission
  • Solid waste management one of the admissible components under Swachh Bharat Mission
  • Status of extension of Metro line to NOIDA Sector 62
  • Ministry of Water Resources
  • Survey on Ground Water
  • Water Quality
  • Construction of Dams along Borders
  • Min of Women and Child Development
  • Measures by Government to protect Child Rights
  • Targeted Interventions to deal with Malnutrition
  • Community based Management Programme for Women & Children
  • Planning Commission
  • AADHAAR ecosystem has provisions to ensure data security
  • Governments’ programmes to ensure inclusive growth

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.

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DS
(Release ID :89441)

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