Welcome to the latest bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C. |
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Overseas Funds Rushing to Invest in India
Several sovereign wealth funds and overseas pension funds are rushing to invest in India. At least three sovereign funds from West Asia have invested more than $5 billion in the past eight months and one global pension fund has committed to invest $450 million. |
Prime Minister Modi Dedicates Powerful Aircraft Carrier
Prime Minister Modi has dedicated the INS Vikramaditya, India's largest and most powerful aircraft carrier, marking his first visit to a military facility after assuming office. He called the carrier a "giant step in India's naval prowess." Modi, who spent nearly four hours aboard the carrier off the Goa coast, said that the warship's addition to the navy is "a historic step."
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PwC: India Could Get $40 Billion in Private-Equity Money
A PricewaterhouseCoopers India report based on a survey of 40 private-equity firm partners estimates that India has the potential to get funding of $40 billion by 2025. Investments will be led by India's increasing consumption, realistic valuations, globally competitive businesses and rising entrepreneurship, the report said.
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Ford CEO: India will be Export Hub
U.S. automaker Ford said it will make India the company's export hub. "We are exporting to over 50 countries from here and are increasing it over time," Ford president and chief executive officer Alan Mulally said, adding that India is one of the automaker's faster-growing markets. |
Foreign Institutional Investors Favor India among Emerging Markets
India's share of foreign institutional investment into the world's emerging markets since 2008 has crossed the 50 percent mark, with more than $86 billion of the total $1.6 trillion invested coming to India, an acknowledgement of the country's attractiveness, stability and transparency. |
Hero MotoCorp to Launch Small Scooters in U.S. in 2015
In a first for any Indian automaker, Hero MotoCorp plans to enter the U.S. market in 2015 with its entry-level scooters in the 100cc to 125cc range, such as the Splendor and the Passion. As part of its aggressive international plans, Hero will enter Brazil in 2016 and invest $70 million in Colombia to start its first fully-owned overseas manufacturing plant. |
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Govt. Plans to Aid Foreign Investment in Oil, Gas Sector
Petroleum Minister Dharmendra Pradhan has promised an overhaul to make policies predictable, transparent and fair to investors in India's oil and gas sector. In his opening remarks at the ministerial session of the World Petroleum Congress in Moscow, Pradhan said the Modi Government "intends to bring in policies which would ease the way for large foreign investments in the oil and gas sector."
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Reserve Bank Introduces Liquidity Ratios for Banks
In a move aimed at creating liquidity buffers in banks, the Reserve Bank of India has mandated that lenders maintain a 60 percent liquidity coverage ratio from Jan. 1, 2015. Also, the central bank suggested a phased manner in which the ratio will have to increase to 100 percent by 2019.
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Businesses to get Single Window Approval System
The Ministry of Micro, Small and Medium Enterprises will adopt a single window system so that all approvals get completed within a period of less than 15 days, Union Minister Kalraj Mishra said. "We will simplify all the procedures required for setting up of business units," the minister said.
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New Chemicals Policy Expected to Raise Exports
The Government is expected to come out with the new national chemicals policy soon that is aimed at giving a boost to the chemicals sector and increase exports. Indrajit Pal, Secretary to the Department of Chemicals and Petrochemicals, said the draft policy had been prepared and there have been extensive discussions with all stakeholders.
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