Unlike the early 2000s when Indian firms leaned on foreign expertise, today’s players seem confident in their own capabilities and see less need for overseas support.
For the last couple of days the Department Of Industrial Policy and Promotion (DIPP) have been carrying out extensive consultations with different ministries on whether the foreign direct investment (FDI) cap for some sectors should be hiked, as proposed by Department of Economic Affairs (DEA) Secretary Arvind Mayaram.