India's Federal Minister for New & Renewable Energy and Power has provided an update on foreign direct investment (FDI) in India's renewable energy sector. He stated that under India's FDI policy, the renewable energy sector allows 100% FDI under the automatic route. The government has taken several steps to attract...
Modi Launches New Portal for Export Records
India's Prime Minister Narendra Modi inaugurated Vanijya Bhawan, the new premises of the Ministry of Commerce and Industry. Constructed near New Delhi's India Gate, the Vanijya Bhawan is designed as a smart building that incorporates the principles of sustainable architecture with a special focus on energy saving. It will serve as...
India to Ease Rules for Foreign Direct Investment
The Government of India has already eased rules for FDI or Foreign Direct Investment considerably, and only a handful of sectors exist where government approval is required for an investment over 49%. The Department for Promotion of Industry and Internal Trade (DPIIT) has begun to identify such sectors for which...