Malaysian low budget carrier AirAsia will soon start the carrier’s strategy to operate new passenger airline in India as government has cleared its proposal in partnership with Tata Group. Read more
Tag: Foreign Investment Promotion Board
India gives nod to investment from Pak
Now Pakistani are enable to come India and make investment in Indian business sectors as in wake to strengthen the bilateral tie up with Pakistan, India today announced to remove the ban on FDI from neighbour country.
“The government of India has reviewed the policy…And decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India, under the government route, in sectors/activities other than defence, space and atomic energy,” as per statement issued by the Department of Industrial Policy and Promotion (DIPP). Read more
Chidambaram targeted in Lok Sabha, says charge wild & reckless
Home Minister P. Chidambaram who is always targeted by Opposition members, once again never left spare from the BJP’s counter arguments over several issues linked with him.
In Lok Sabha assembly today, Opposition raised issue of Aircel-Maxis deal in which is said that Chidambaram’s son Karthi allegedly involved. Read more
India Govt’s acceptance in principle to allow FDI from Pakistan
Finally govt. has given their acceptance over the issue of in-principle allowance for foreign direct investment from Pakistan in concern of boosting the commercial relations between the two countries.
Announcing the govt. acceptance in principle to allow FDI from Pakistan, Commerce and Industry Minister Anand Sharma, in the Rajya Sabha said, “The move is expected to enhance the commercial engagement and bilateral trade between India and Pakistan,” but there was no fixed FDI target. Read more
