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Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) for attracting investment in India

Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) for attracting investment in India Context The Union Cabinet under the leadership of Hon’ble Prime Minister Shri Narendra Modi  has given its approval for setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of Indiafor attracting investments in India”. This new mechanism will reinforce India’s vision o

Schemes for Electronic Manufacturing in India

Schemes for Electronic Manufacturing in India Context: The government has said that a total of 22 companies, have filed applications under the Production-Linked Incentive (PLI) scheme that aims to boost local manufacturing of mobile phones and components. This is expected to bring in additional investment of about ?11,000 crore in electronics manufacturing, while leading to total production worth ?11.5 lakh crore over the next five years Schemes for Electronic Manufacturing Re

How IFSC/ GIFT City can position India as an International Financial center

How IFSC/ GIFT City can position India as an International Financial center Since the 2015 launch of International Financial Services Centre (IFSC) in Gujarat's GIFT City, several initiatives at policy, regulatory and operational levels have helped India’s IFSC dream take shape and gain attention from far and wide. IFSC has the potential to become an investment gateway for India as apart from providing a global financial platform, it also provides an easy access to the fast-growing

International Financial Services Center (IFSC)

International Financial Services Center (IFSC) IFSC seeks to bring in India, those type of financial services and transactions that are currently carried on outside India by overseas FIs and overseas branches of Indian FI subsidiaries. It is also designated as a ‘deemed foreign territory’ which would have the same ecosystem as other offshore locations, but is physically on Indian soil. SEZ Act provides for the establishment of an IFSC in India within an SEZ in India and enabl

Why India is a favorable Investment destination?

Why India is a favorable Investment destination? India today is considered to be one of the major forces in the global economic market. Though India is a developing economy, its economy has a major impact on global trading. The majority of the world's leading developed nations are keen to have or expand their ties with India. This is mainly because in the current scenario of globalization India is seen as a wonderland for investments. Thanks to its huge market base and fast-develop

Investments in India

Investments in India A continued rise in private investments in the third quarter (Q3) of 2020-21, led by a 102% surge in manufacturing investments, helped India register a healthy 10.3% increase in fresh project spending in Q3 over the previous quarter. However, new capital expenditure proposals from the government collapsed between October and December 2020, as funding constraints began to pinch the States, dragging their new project investments down nearly 25% from the previous quarte

Strategic Disinvestment Policy for Public Sector Enterprises

The policy, promised as part of the Atma Nirbhar Bharat package, states the government will exit all businesses in non-strategic sectors, with only a ‘bare minimum’ presence in four broad sectors. These strategic sectors are — atomic energy, space and defence; transport and telecom; power, petroleum, coal and other minerals; and banking and financial services. It will help the exchequer stop throwing good money after bad, and funnel it into more productive endeavours.

Nilesh Shah committee on International Financial Services Center (IFSC)

Nilesh Shah committee on International Financial Services Center (IFSC) IFSC seeks to bring in India, those type of financial services and transactions that are currently carried on outside India by overseas FIs and overseas branches of Indian FI subsidiaries. It is also designated as a ‘deemed foreign territory’ which would have the same ecosystem as other offshore locations, but is physically on Indian soil. SEZ Act&nbs

Kandla SEZ became the first Green SEZ

Kandla SEZ became the first Green SEZ Kandla SEZ (KASEZ) was awarded IGBC Platinum Rating. KASEZ is the First Green SEZ to achieve the IGBC Green Cities Platinum Rating for Existing Cities. The efforts of KASEZ team were applauded especially noting the fact that this was accomplished in Bhuj region where water conservation and afforestation are critical interventions. This was major achievement and is part of activities envisaged under the commitment of the Government to the Green

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