English Release 20-September 2014
- President's Secretariat
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Asian Games 2014
- President of India condoles the passing away of Uppalapu Srinivas
- Prime Minister's Office
- Sashastra Seema Bal, SRM University and ITC make donations for PMNRF
- Min of Health and Family Welfare
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- Health Ministry to take up anti-noise pollution initiatives
- Min of Personnel, Public Grievances & Pensions
- Bharat Pensioners’ Samaj donates to Prime Minister’s National Relief Fund
- Min of Women and Child Development
- Corrigendum for Press Release issued on 19th Sept, 2014 on Meeting of Mrs Melinda Gates and Mr Bill Gates with Smt Maneka Sanjay Gandhi
Ministry of Overseas Indian Affairs06-December, 2012 17:59 IST
|Impact of FDI on SMEs |
|The existing policy, allows for 100 per cent Foreign Direct Investment (FDI), in single-brand trade, subject to the condition that in respect of proposals involving FDI beyond 51 per cent, sourcing of 30 per cent of the value of goods purchased, will be done from India, preferably from micro, small & medium enterprise (MSMEs), village and cottage industries, artisans and craftsmen, in all sectors as per Circular 1 of 2012 – Consolidated FDI Policy of DIPP. |
FDI complements and supplements domestic investment. The small and medium enterprises (SMEs) would be benefited through FDI, by way of enhanced access to supplementary capital & state-of-the-art technologies, exposure to global managerial practices and technologies as well as opportunities for integration into global markets.
As per existing policy, FDI in MSEs (as defined under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) is subject to the sectoral caps, entry routes and other relevant sectoral regulations.
This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Lok Sabha today.
(Release ID :90112)