FDI POLICY MAY BE TWISTED FOR IKEA

IKEA is a Swedish single brand retailer. Government of India may twist the foreign direct investment policy for IKEA. This retailer proposed to invest 10,500 crore in India.

IKEA has demanded some flexibility in the clause that makes it mandatory to source 30% of inputs from domestic SMEs(Small and Medium Enterprises). IKEA is the world’s largest furniture maker.

Government has increased the FDI cap in single brand retail from 51% to 100% subject to domestic sourcing clause. The Departments that frames policy of FDI i.e. Department of Industrial policy and promotion (DIPP), has clarified that they won’t be reviewing FDI policy on […] Read more

LAUNCHED CAMPAIGN TO ATTRACT FDI

Kerala Government launched a campaign to attract FDI (Foreign Direct Investment) and has also unveiled a single window mechanism for clearing investment proposals.

The meeting was attended by diplomats from US, UK, France, Canada, Germany, Sri Lanka and many more.

The Chief minister of Kerala said that we want foreign diplomats to take message to their countries that investments in Kerala are welcome. Kerala is the state with highest literacy rate in India. He said they have made policy which intended to transform Kerala into a vibrant entrepreneurial society with the motive of growth.

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