English Release 12-March 2014
- Election Commission
- Fact Sheet on Jharkhand
- Record increase in number of post-graduates in 15th Lok Sabha
- Min of Culture
- Rare Gupta Period Sculptures Discovered in Sarnath Excavations
- Exhibition on Ghadar Party and Transvaal March
- Min of Defence
- CAS Visit to the Andaman Nicobar Command & Eastern Sector
- Min of Law & Justice
- Press Communique
- Ministry of Tourism
- Growth of 1.7% in tourists availing of “Tourist Visa on Arrival” (VoA) Scheme
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)