After allowing foreign players to invest up to 49 per cent via the primary market in power exchanges, the government may raise the ceiling for single-player foreign investment in the sector from five per cent to 15 per cent.
The central government on Wednesday issued the draft National Mineral Policy (NMP), 2018, wherein it stated that a “long term export policy for the mineral sector” is the need of the hour as it will provide “stability” and “incentive” for bringing investments in “large scale commercial mining” activities.
Nepal can attract more than Rs28.93 trillion in foreign capital into the energy sector by 2045 if it makes foreign direct investment (FDI) a top priority by pursuing an accelerated power trade strategy, experts said Friday.
Union Minister of Railways and Coal, Piyush Goyal said on Thursday that India has now become the world’s best place for investments with the abolition of the Foreign Investment Promotion Board and with most of FDI being placed under the automatic route.
French companies are exploring investment opportunities in India in areas of defence,infrastructure , renewable energy, and waste & water management & recycling.
The commerce and industry ministry today said work is on to frame a new industrial policy with an aim to create jobs for the next two decades, promote foreign technology transfer and attract $100 billion FDI annually.
India’s Essar Group Monday announced closure of $12.9 billion deal to sell its refining arm Essar Oil to a consortium led by Russian oil major Rosneft, boosting ties between the world’s top oil producer and the fastest growing fuel consumer.
In a Forbes magazine article that caused a happy stir in right-wing social media, Harry G. Broadman argued that Prime Minister Narendra Modi’s “governing prowess” had “boosted India’s GDP growth” and “produced sizeable increases of inflows of foreign direct investment (FDI)”.
In potentially the first big FDI in railways, Malaysia’s state-owned Construction Industry Development Board (CIDB) will participate in the auction for redevelopment of Udaipur, Howrah, Indore, Secunderabad, Pune and Faridabad railway stations.
The commerce and industry ministry will soon come out with the standard operating procedure (SOP) for clearance of foreign investments proposals as the government has abolished the FIPB.