India - Partner In Growth
Welcome to the May 31, 2017  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
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Govt. Procurement Policy to Support Make-in-India 
Striking the right balance between Make-in-India and value-for-money objectives, the Government has approved a new policy that lays down a 20 percent limit for domestic manufacturers to match the lowest bid in procurement offers issued by Government agencies.

Phasing-Out of Foreign Investment Board OK'd
The Government has approved the phasing-out of the Foreign Investment Promotion Board as announced in the Union Budget 2017-18. Foreign direct investment proposals that need Government approval will now be processed by the respective administrative Ministries.    
More Funding for National Waterways
The Government has approved a measure that would allocate 2.5 percent of the Central Road Fund for development of National Waterways in the country. The move is likely to yield $300 million for the development of inland waterways each year.

Govt. OKs $350 Million in Bonds for Renewable Energy