India Inc hopes FDI cap move happens

[Truth Finder]

India Inc has welcomed the government move to raise foreign direct investment (FDI) limits in key sectors such as defence and telecom but say this has no meaning if it remains a formal exercise.

Chief executives noted the opportunities are immense. For instance, the ministry of defence is likely to place orders worth $247 billion over the next five years.

With some major Indian companies such as Larsen & Toubro, Pipapav Defence, the Mahindras, Tatas and Reliance Industries planning huge investments in this sector, allowing up to 49 per cent FDI would help them raise funds, get new technology and compete with foreign companies to bag these orders. This comes at a time when Indian public sector companies are unable to meet demand and most of the orders are going out of the country, to multinational corporations.

India Inc hopes FDI cap move happens | Business Standard

 

[Chinese-Dragon]

PM backs opening up FDI to boost rupee - The Times of India

 

[Truth Finder]

26%( through automatic route)+ 23%( through Cabinet nod)=49%(FDI in defense) vs 26%(earlier)

 

[cirr]

China foreign direct investment surges to two-year high

June inflow is the highest monthly total since 1997 with the economy on track to meet target

Thursday, 18 July, 2013

Nick Edwards

Foreign direct investment into the mainland saw its strongest surge in more than two years last month with the US$14.4 billion of capital committed leaving the world's second biggest economy firmly on track to meet the government's target of US$120 billion of inflows this year.

Data published by the Ministry of Commerce yesterday showed first-half non-financial FDI had reached a total of US$61.98 billion.

Read more at：China foreign direct investment surges to two-year high | South China Morning Post

 

[kena]

China foreign direct investment surges to two-year high

June inflow is the highest monthly total since 1997 with the economy on track to meet target

Thursday, 18 July, 2013

Nick Edwards

Foreign direct investment into the mainland saw its strongest surge in more than two years last month with the US$14.4 billion of capital committed leaving the world's second biggest economy firmly on track to meet the government's target of US$120 billion of inflows this year.

Data published by the Ministry of Commerce yesterday showed first-half non-financial FDI had reached a total of US$61.98 billion.

Read more at：China foreign direct investment surges to two-year high | South China Morning Post

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