FDI 'policy' upgraded post budget

• 100% FDI extended to brownfield pharma projects only thru prior approval to avoid further foreign buying of indian operations for global scale without local commitment 
• Aviation FDI more eagerly awited by media and government on hopes of a lifeline for KFA and Spicejet
• Multi brand Retail and Nuclear Energy FDI pushed by RBI draft
• Emirates is interested in adding its expertiese to the 300 mln strong Indian consumption sector 
• FDI norms for Commodity exchanges updated to allow the 21% FII investment under automatic route
• FDI in leasing and finance is restricted to financial leasing businesses and not operating leases
• February figures showed inteerest in FDI healthy at $2 bln 
• QFI investors recently approved for Driect investments would apply under FDI limits upto 5% by each investor and 10% overall
• Sectoral limits for FII investments may be raised to Sectoral FDI notices only by intimation to FIPB/RBI/SIA
• Conversion of Equity not allowed for second hand capital imports
• India trade is likely to grow to a $1 Tln from the current $240 in Exports and $450 bln in imports in a few years
• India Auto sales have been projected to grow to #3 worldwide behind US and China and ahead of Brazil
• India lifestyle and entertainment spending is likely to hit $10,000 per year per family  for 15% of the consumer population in the next 10 years divvied across Eating Out, Metro entertainment (and Shopping) and oiutside home, groceries , healthcare and education ( 15 mln households with discretionary spends greater than INR 450,000 per year or 75 mln premium consumers) and icnluding premium spending in all categories

Posted via email from The India Investment Post