User: rohan Topic: Foreign Direct Investment in Retail
Category: Foreign Direct Investment in Retail
Last updated: May 24 2017 23:38 IST RSS 2.0
 
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Cabinet decides to abolish Foreign Investment Promotion Board (Roundup) 24.5.2017 All News-IANS Stories
In a major decision aimed at further easing doing business in India, the Union Cabinet on Wednesday abolished the 25-year-old Foreign Investment Promotion Board (FIPB), obviating the need for prior clearance for Foreign Direct Investment in more than 90 per cent cases. Industry lauded the move as a "bold" step that would add to the healthy inflow of foreign investment.
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Union Cabinet scraps FIPB 24.5.2017 New Kerala: India News
Union Cabinet scraps FIPB
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FDI board scrapped: 10 key takeaways 24.5.2017 TOI: Home
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Cabinet decides to abolish Foreign Investment Promotion Board 24.5.2017 All News-IANS Stories
In a major decision aimed at further easing doing business in India, the Union cabinet on Wednesday abolished the 25-year-old Foreign Investment Promotion Board (FIPB), obviating the need for prior clearance for foreign direct investment in more than 90 per cent cases.
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Union Cabinet scraps FIPB 24.5.2017 Sify Finance
[India], May 24(ANI): The Union Cabinet on Monday abolished the 25 year old Foreign Investment Promotion Board (FIPB) that oversees Foreign Direct Investment proposals requiring the government's
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Union Cabinet scraps 25 years old Foreign Investment Promotion Board 24.5.2017 ET: Policy
A suitable mechanism may also be proposed by the Cabinet to deal with foreign direct investment in sensitive sectors, sources related to the matter said.
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No need to source locally, Tesla told 24.5.2017 TOI: All Headlines
No need to source locally, Tesla told
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Cabinet likely to take up FIPB abolition today 24.5.2017 Business Standard: Economy & Policy
After the FIPB is abolished, the government might ease FDI norms further in a few more sectors
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No local sourcing needed to 'Make in India', Tesla told 23.5.2017 Deccan Herald - Business
The government on Tuesday clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its 'Make in India' Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. As per the policy, after manufacturing in India, a foreign investor is permitted to sell its products in any manner — wholesale, retail or ecommerce. "FDI policy also permits wholesale of imported goods in India without sourcing conditions," the ministry said. It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, it added. Musk in his tweet has said: ...
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Cabinet likely to take up FIPB abolition tomorrow 23.5.2017 All Economy & Policy Stories
After the FIPB is abolished, the government might ease FDI norms further in a few more sectors
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No local sourcing for selling Tesla cars: India to Elon Musk 23.5.2017 Business Standard: Companies & Industry
Musk said Tesla would not be compliant with the country's 30% local sourcing of components.
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Tesla India: No need to source local components while setting up ops in India, Centre to Elon Musk 23.5.2017 DNA: Urban Tales
The government on Tuesday clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its 'Make in India' Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. . @elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications #MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 As per the policy, after manufacturing in India, a foreign investor is permitted to sell its products in any manner - wholesale, retail or e-commerce. "FDI policy also permits wholesale of imported goods in India without sourcing conditions," the ...
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Sourcing norm won't apply to Tesla, says government 23.5.2017 Rediff: Business
It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, the government said.
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Govt to Tesla: Local sourcing not required for manufacturing in India 23.5.2017 News
Sourcing conditions mandated only for retail trading of goods, according to FDI norms
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Ex-CEO of Micromax Vineet Taneja is India head of Dyson 23.5.2017 ET: Electronics
Dyson is a family-owned company founded by British engineer and inventor Sir James Dyson, often called the Steve Jobs of domestic appliances industry.
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Likely caveats for 100% FDI in multi-brand retail 23.5.2017 ET: Retailing
Retailers may only be allowed to sell goods manufactured in India, of which 30% may have to be sourced from MSMEs.
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No need for local partners, global firms can now bid in tobacco auctions 22.5.2017 All Markets Stories
Hyderabad, 22 May: Government of India has decided to allow global companies to directly participate in the tobacco auctions. The move is expected to increase the competition at the auction platforms in major FCV tobacco centers like Guntur in Andhra Pradesh where the tobacco growers faced a serious crisis due to the fall in prices a couple of years ago.With this decision, global companies do not have to depend any more on a local partner or a local agent to buy tobacco leaf from India.The government's decision covers a substantial portion of tobacco trade in India as 70 percent of the FCV(Flu Cured Virginia Tobacco ) is exported to other countries while the remaining 30 percent is purchased by the Indian cigarette manufactures. Last year the country had sold 230 million kgs of FCV tobacco valued Rs 5,950 crore in the export markets, according to the Tobacco Board officials. Tobacco exports have seen a marginal decline this year."There is a 4 percent decline in exports this year ...
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GST is Modi Govt.'s 'biggest achievement': ASSOCHAM 21.5.2017 Sify Finance
[India], May 21 (ANI): With the roll out of the 'revolutionary' Goods and Services Tax bill scheduled for July 1, the ASSOCHAM has perceived this as the present government's 'biggest achievement',
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GST is Modi Govt.'s 'biggest achievement': ASSOCHAM 21.5.2017 New Kerala: Business India
GST is Modi Govt.'s 'biggest achievement': ASSOCHAM
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Bid to make FDI policy attractive 19.5.2017 Hindu: Industry
Amid speculation that Foreign Direct Investment (FDI) norms in retail and print media could be eased, the Centre on Friday said its endeavour had been to put in place an investor-friendly FDI policy ...
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