Page 2 - Foreign Investments

Mann to visit Germany from Sep 11-18 to push Punjab's industrial growth

Punjab Chief Minister Bhagwant Mann will visit Germany from September 11-18 to attract investments and strategic tie-ups. This will be Mann's first foreign visit after he took oath as the chief minister in March. "In order to give a major push to the industrial growth of the state, Punjab Chief Minister Bhagwant Mann will be undertaking a tour of Germany from September 11-18," an official statement said here on Friday evening. During the tour, the chief minister will be meeting business delegations and prominent companies to rope in investments and strategic tie-ups in key sectors like renewable energy, car manufacturing, pharmaceuticals and advanced agriculture practices, among others, it said. Mann will hold a meeting with companies like BMW, BayWa and others during his stay in Munich, Frankfort and Berlin. "This crucial visit of the Chief Minister is likely to immensely benefit the state in getting huge investments, technical know-how and expertise from German companies," said

HNIs more cautious on foreign investment after new rules kick in

According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc

India must invite component makers first before OEMs: R C Bhargava

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

Sebi drops Indian connection clause to make investment easy for AIF, VCF

Capital markets regulator Sebi has allowed India registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) to invest in foreign entities without having an India connection. Earlier, one of the conditions was that such overseas investments were allowed only in those companies which had an Indian connection. Like, a company has a front office overseas, while having its back office operations in India. "The requirement of the overseas investee company to have an Indian connection... has been done away with," Sebi has said in a circular. The regulator, however, said that no such investments can be made in companies based in jurisdictions identified by Financial Action Task Force (FATF) as those having anti-money laundering (AML) or combating the financing of terrorism (CFT) deficiencies. Moreover, AIFs or VCFs will be allowed to invest in an overseas investee company, which is incorporated in a country whose securities market regulator is a signatory to the ...

Sebi comes out with guidelines for overseas investment by AIFs, VCFs

Sebi on Thursday came out with new guidelines for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for making investment abroad, under which overseas investee firms won't need to have an Indian connection. Under the rules, AIFs can invest in securities of companies incorporated outside India. Besides, VCFs are allowed to make investments in off-shore venture capital undertaking, subject to certain conditions. One of the conditions was that such overseas investments were allowed only in those companies which had an Indian connection. Like, a company has a front office overseas, while having its back office operations in India. "The requirement of the overseas investee company to have an Indian connection... has been done away with," the Securities and Exchange Board of India (Sebi) said in a circular. As per the fresh guidelines, AIFs or VCFs will be allowed to invest in an overseas investee company, which is incorporated in a country whose securities market ...

UP ministers to hold roadshows abroad ahead of Global Investor Summit

CM Yogi Adityanath will be sending a group of ministers on foreign tours to showcase Uttar Pradesh as an 'investment hub' ahead of the proposed Global Investor Summit in 2023, a senior official said

Invest Rajasthan meet in October likely to attract Rs 10-trn investment

Chief minister Ashok Gehlot said that Rajasthan has great potential for investors, adding that the positive atmosphere here attracts investors from all over the country and the world

'Markets have not hit the bottom yet; select banks, autos attractive'

Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities

FPIs outflow continues for 8th straight month; pull out nearly Rs 40,000-cr

Net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 trillion so far in 2022.

Maintain 15-20% allocation to international funds despite ongoing downturn

Remember that you need to diversify away from your home country, and hedge against the rupee's depreciation

India approves investments worth $1.79 billion from its neighbours

India said on Wednesday it had approved foreign investment worth $1.79 billion from neighbouring states, in its first statement since tightening controls after tensions with China in 2020.

Amid Ukraine conflict, Russia bans exit of foreign investments from nation

Russia is temporarily halting the exit of foreign investments from the country, Prime Minister Mikhail Mishustin has announced on Tuesday.

Business investment into Singapore dropped 31% in 2021, Covid blamed

Commitments for investments in fixed assets such as facilities, machinery and other equipment shrank to $11.8 billion.

Indians' foreign investments increase 28% in 12 months, shows data

Lower remittance share, higher growth amid diversification play

K'taka makes strong pitch for more foreign investments in Dubai Expo 2020

Highlighting Karnataka's "dominant position" in Aerospace and Defence sector, the state government on Sunday made a strong pitch for more foreign investments in these sectors, at the Dubai Expo 2020

UAE liberalises stringent residency law, major boost for visa seekers

The United Arab Emirates announced on Sunday a major plan to stimulate its economy and liberalise stringent residency rules for foreigners, as the country seeks to overhaul its finances and attract visitors and investment. The nation's plan to lure foreign talent over the next decades reflects an emerging contrast with the other sheikhdoms of the Persian Gulf that are growing increasingly protectionist as they try to diversify their oil-bound economies. Now marking its 50th anniversary, the UAE is seeking to accelerate its economic and social reforms to rebrand for a post-pandemic future. Portraying the country as a liberal, bustling trade and finance hub, the government promised to pour USD 13.6 billion into the economy in the next year and USD 150 billion by 2030. Specific projects have yet to be announced, but USD 1.36 billion has been earmarked for Emirates Development Bank to support the industrial sector. We are building the new 50 years' economy, Thani al-Zeyoudi, the minis

Not by stealth, but through subtle signals

Redefining Make in India and the public sector policy are signs of a new approach to reforms

India will continue to attract high foreign investments: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India will continue to attract high foreign direct investment (FDIs) in the current financial year.

Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin

Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims

Mauritius rejigs special purpose fund regime to gain 'financial' edge

Will enable global investors to set up tax-exempt entities