India Briefing is a magazine and daily news service about doing business in India. We cover topics relating to the Indian economy, the market in India, foreign direct investment and Indian law and tax. It is written in-house by the tax and legal professionals at Dezan Shira & Associates
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Gov’t May Ease FDI Limits for Some Sectors
The newly-appointed government may look into liberalizing the entry of foreign direct investment in certain sectors like defense production and insurance as well as implement reforms on civil aviation policy, according to an official.
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India to Permit Foreign Airlines to Invest in its Carriers
India’s civil aviation ministry is revisiting proposals to permit foreign airlines to invest directly in its own carriers. Currently, foreign investment of up to 49 percent is permitted in the sector, however this is only open to non-aviation companies.
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New Anti-Competition Laws Released
The Indian government has announced the changes to the Competition Act of India dealing with anti-competitive agreements and abuse of dominance. To strengthen the anti-competition act, the government has also established the Competition Commission of India (CCI), designed to oversee the new regulations. The steps taken are designed to bring India’s competition regulatory framework into line with international best practices.
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China is India’s Largest Import Source
In the last two years, China has grown to become the largest source of India’s imports; forcing Indian authorities to implement anti-dumping measures. India has already filed 17 World Trade Organization anti-dumping cases against China since October 2008.
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