February 6, 2014
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.
Key Policy Decisions
Govt. retains 100% FDI in existing pharma

The government will maintain the policy of allowing 100 percent foreign investment in existing pharma firms, brushing aside concerns about non- availability of affordable drugs in light of possible takeovers by multinationals.  Cases involving the non-compete clause will be considered on a case-by-case basis.    Read More

Petroleum Ministry proposes tax holiday, royalty exemption

In a bid to attract more global oil majors, the Ministry of Petroleum and Natural Gas has proposed exemption from royalty payment and an income-tax holiday of up to 10 years for the next round of auction of oil and gas exploration blocks.   

Reserve Bank eases FDI exit rules

The Reserve Bank of India relaxed foreign investment regulations to allow non-resident investors to exit their investments subject to the conditions of a minimum lock-in period and without any assured returns.   Read More


Foreign investor registration made easier
The Securities Exchange Board of India (SEBI) implemented new Foreign Portfolio Investor (FPI) regulations to make it easier for overseas entities to invest in Indian capital markets.   Read More

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High-Impact News
Ambassador: India ready to respond to U.S. business concerns
India is prepared to respond to the legitimate concerns of U.S. businesses, said S. Jaishankar, new Ambassador to the U.S. American companies are strong supporters of India-U.S. ties, but have expressed frustration with some Indian policies.   Read More
Pentagon investing in long term ties with India
The U.S. is investing in a long-term relationship with India as part of its Asia Pacific rebalance strategy, according to a top Pentagon official.  Read More

Amazon wants to invest heavily, quickly in India
Forty per cent of Amazon's revenues comes from overseas.  Diego Piacentini, Senior Vice President, International Consumer Business, Amazon.com speaks about how India is different from China, and why India has a lot of potential. Read More
Ford to invest $2 billion in India
The Ford Motor Co. is committed to investing $2 billion in India, creating thousands of jobs. The company is developing two new plants; one for engines and another for assembly.   Read More
India may allow 100% FDI in high-speed trains
The government may next month allow 100 percent foreign investment in high- speed train systems and dedicated freight lines as the country's last major state-controlled industries is opened up.
Featured Video

Ambassador Dr. S. Jaishankar's Interview with Reuters
Ambassador Dr. S. Jaishankar discusses the valuable relationship between India and the US in a recent interview with Reuters. A video of the interview is available here


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