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Tag: Foreign Investment

Corp tax cut makes India an investment destination, to attract foreign firms to set up units: FM

New Delhi: India has become a highly competitive investment destination post corporate tax reduction as the rates are now lower than that in China and most Southeast Asian countries, Finance Minister Nirmala Sitharaman said on Sunday. India was earlier at disadvantage because of a couple of factors and on top of it was the high […]

Maldives bans foreign investments in event management, entertainment

Male: The Maldives government on Thursday said that foreigners could no longer invest in event management, entertainment and production in the island country in order to boost local employment. The country’s Economic Development Ministry said that foreign investments will no longer be permitted in event management, renting of audiovisual equipment, sale or renting of musical […]

Cabinet approves 100% FDI in retail, construction

New Delhi: In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT) and construction development and decided to open up Air India for FDI up to 49 per cent. Besides, the government also decided that foreign institution investors and […]

Odisha attracts Rs 700cr foreign investment

Bhubaneswar: The three-day ‘Make In Odisha’ conclave which concluded here on Friday seems to have borne fruitful results as the State attracted investment commitment of Rs 700 crore from foreign countries. Two companies have so far evinced interest to set up their units in the State, Odisha Industries minster Debi Prasad Mishra said. “We have […]