Mountain Trail Foods would undertake retail trading of food products including tea and beverages, according to the DIPP's Foreign Investment Facilitation portal.
With government taking steps to improve the ease of doing business and attracting foreign investments, FDI inflows into the services sector jumped by over two and a half times to USD 5.28 billion in the April-September period of the current fiscal.
Karnataka, which is a home to India‘s IT capital Bengaluru, has fallen to rank 15 from last year's 9th position, while a manufacturing hub like Tamil Nadu has dropped to 18th rank from 12 with a score of 62.8 percent.
For this year's ease of doing business ranking, the Department of Industrial Policy and Promotion (DIPP) will consider reforms uploaded by states till August 30.
However, the government has not yet taken any decision on their requests, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
Currently, the FDI policy permits 26 percent foreign direct investment in publishing of newspapers and periodicals dealing with news and current affairs via approval route.
Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said that after the exemption period, they will be given five years to comply with mandatory 30 percent domestic sourcing.
Officials of the Department of Industrial Policy and Promotion (DIPP) and Food Processing Ministry are discussing mutually agreeable conditions to be included in the proposal, an official said.
Seeking to make FDI policy simpler, the government on June 8 released an updated compendium by incorporating all policy changes and eliminating unnecessary explanations, but retains the UPA regime's policy on opening of multi-brand retail for foreign investment
The Commerce and Industry Ministry is working on a detailed and structured programme with an aim to raise awareness about intellectual property rights (IPRs) in schools and industry, and society in general
The launch of national intellectual property rights (IPR) policy demonstrates Indian government's commitment to fostering innovation, a top US official said on May 18
Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said that action plans are in place for 22 sectors and there has been good progress on those.
As per the guidelines issued by the Department of Industrial Policy and Promotion (DIPP) on FDI in e-commerce, foreign direct investment (FDI) has not been allowed in inventory-based model of e-commerce.
After the finalisation of the details on the subject, the Department of Industrial Policy and Promotion (DIPP) will prepare a Cabinet note for approval, an official said.
In the Budget 2016-17, Finance Minister Arun Jaitley has announced 100 percent FDI through government approval route in the marketing of food products produced and manufactured in India.
Amitabh Kant, who was recently named as Chief Executive Officer (CEO) of Niti Aayog, will have the tenure of two years.
The contest is being organised by the DIPP and Qualcomm in in line with the Make in India Week, which will start from February 13 in Mumbai with an aim to promote India as an investment destination and increase its share in global FDI.
Apple, maker of the iconic iPhone, has been sharpening its focus on the the world's largest democracy as it sees India "quickly becoming the fastest growing BRIC (Brazil, Russia, India and China) country".
In this context, Apple India Pvt Ltd has sent an application to the Department of Industrial Policy and Promotion (DIPP). The DIPP is expected to seek some more information about the proposal, sources said.
"The FDI relaxations notified by the Department of Industrial Policy and Promotion (DIPP) is absolute jugglery of words used to provide backdoor entry to multinational companies in Indian retail trade under the pretext of wholesale cash and carry format and single brand retail," CAIT said in a statement.
Frost & Sullivan presented the “2015 Asia Pacific Economic ...
The key objectives of the survey are to assess the implementation of various factors enabling ease of doing business in a state and to do a comparative study of states with regards to the implementation status.
India's position had slipped to a very low 142nd last year on the World Bank's 'Ease of Doing Business' rankings of 189 countries. He said the government has taken several initiatives to improve the country's ranking on ease of doing business index.
On minimum capitalisation, Department of Industrial Policy and Promotion (DIPP) has said that no new foreign direct investment (FDI) will be allowed if the minimum cap of USD 5 million is not achieved within six months.
Amitabh Kant said. "You never make goods only for domestic market. No manufacturer across the world does only for the domestic market. You do it initially but then you expand, you grow and penetrate global markets and thats what a true businessmen is supposed to do," he added.