DIPP clarifies on Facility Sharing Agreements between Group Companies

The Department of Industrial Policy & Promotion, has clarified vide its circular dated 15th September 2015, that “facility sharing arrangements” between Group Companies either by way of leasing/sub-leasing within Group Companies (more…)

Share Button

Introduction of composite caps for simplification of FDI policy

The Department of Industrial Policy and promotion (“DIPP”) vide a Press Note dated 30th July, 2015 amended the extant Foreign Direct Investment Policy (“FDI”) by introducing composite caps for simplification of FDI policy to attract foreign investment. Highlights of the amendments are: (more…)

Share Button

DIPP Notifies 49% FDI in Pension Sector

The Government has raised the limit of Foreign Direct Investment (“FDI”) in the pension sector to 49% in line with the FDI cap in the insurance sector. A press note to this effect was issued by the Department of Industrial Policy and Promotion (“DIPP”) on 27th April, 2015. The FDI cap in the sector hiked to 49% includes foreign investment in the forms of FPI (Foreign Portfolio Investors), FII (Foreign Institutional Investors) ,QFI (Qualified Foreign Investor), FVCI (Foreign Venture Capital Investor), NRI (Non-Resident Indians) and DR (Depositary Receipts). (more…)

Share Button

Government Okays 100% FDI for Medical Devices

The Government on 6th January, 2015 reviewed the position of Foreign Direct Investment (FDI) in medical devices via the Automatic route & welcomed 100% FDI for medical devices as long as it’s restricted for manufacturing but not for trading. The 100 % FDI will be permitted under the Automatic route, meaning a foreign investor will not have to seek the permission of the Foreign Investment Promotion Board (FIPB) to acquire an existing company or set up a new manufacturing unit in the medical devices sector. (more…)

Share Button