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Foreign direct investment in Jammu and Kashmir
In the early 1990s India began to attract foreign direct investment (FDI) through economic liberalisation. A large and growing domestic market, favourable demographics, consistent growth, liberalised policies and improved ease of doing business combined...
Spread the news of media investment growth
Foreign direct investment (FDI) policies in the media and entertainment sector have pursued a balance between economic growth, cultural preservation and national security. Before liberalisation in the 1990s, FDI was restricted. The focus was...
Korean brands will make up the cosmetics market
The cosmetics market in India represents a golden opportunity for Korean beauty companies. A growing middle class, rising incomes, and an increasing interest among Indians in skincare and make-up items make this sector a...
Gems the jewel in the FDI crown
The government permits 100% foreign direct investment (FDI) in the gems and jewellery sector under the automatic route. The sector is the second largest foreign exchange earner in India. It plays a significant role...
A finance and technology GIFT to investors
The Gujarat International Finance Tec-City (GIFT City) was conceived as an International Financial Services Centre (IFSC), offering international connectivity and a business-friendly environment. It is the only greenfield smart city in India set up...
Renewable energy blows in foreign direct investment
While renewable energy may be relatively new elsewhere, India has long used this source. It is free and abundant, being replenished as required by natural means.
The government, through the National Green Hydrogen Mission, aims...
India’s electrifying ambition in green vehicle manufacturing
India’s automotive industry is undergoing a radical shift by switching to more energy efficient forms of transport. This has led to growth in the electric vehicle (EV) sector. As the industry is growing, the...
Indian Law Firm Awards 2023
Recognising and rewarding exceptional legal work. Katherine Abraham reports
India’s legal industry is experiencing a surge in activity, driven by increased deal-flow and record-breaking IPOs. While the most recognised law firms continue to dominate on...
FDI into India through alternative investment platforms
Distributed ledger technology-driven alternative investment platforms (DLT platforms) contribute to the inclusive growth of an economy. They attract every level of society, from low and middle to high class. Traditionally, investments requiring large scale...
India benefits from continued growth in FDI
Foreign Direct Investment (FDI) is an integral part of the Indian economy. Over the years, India has emerged as a popular destination for FDI owing to its huge domestic demand, the availability of natural...
Manu Varghese joins Samvad Partners in Mumbai as partner
Manu Varghese is the latest partner to join the Mumbai branch of Samvad Partners and is set to focus on mergers and acquisitions, and private equity.
“I feel privileged to join such a warm and...
Caught in the crosshairs
Fierce campaign to tame online space
The digital sphere has been firmly in the sights of the government. When the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, were announced last year,...
Keymasters
As the world acknowledges the real threat of global recession, where and how a Company should invest has never been more challenging. General counsel hold the keys To unlocking opportunity, and more than ever...
Stronger links stimulate Japan investment in India
In 2020-21, India attracted its highest-ever foreign direct investment (FDI) of USD81.97 billion, despite the disruption caused by the covid-19 pandemic. Indeed, according to a report released by the United Nations Conference on Trade...
Companies must disclose FDI from neighbours
The Ministry of Corporate Affairs has made amendments under the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022, requiring Indian entities to reveal if investments are made by a company that is incorporated...
Indian Law Firm Awards 2022
Discover our other annual awards Award
In a celebration of hard work, ingenuity and excellence, India Business Law Journal reveals the winners of the 2022 Indian Law Firm Awards. Vandana Chatlani reports
In the past 12...
Assured increase of FDI in the insurance sector
On 14 March 2022, the government issued Press Note 1 of 2022 allowing 20% foreign direct investment (FDI) through the automatic route in the Life Insurance Corporation of India (LIC) a corporation established and...
RBI relief for fintech’s credit report quandary
Reserve Bank of India's move to allow fintech companies to access credit information via credit bureaus is a positive move, but ownership and control issues remain unresolved, writes Kaushal Mathpal
A
s per the Reserve Bank...
Future Legal Leaders 2022
Future Legal Leaders 2023
Future Legal Leaders 2021
India Business Law Journal identifies 50 promising lawyers who are poised for greater success
Access The List
In a time when demonstrating strong leadership potential is a quality...
FDI a booster shot for the economy
In 2020, foreign direct investment (FDI) and other policies changed and ushered in a new era for the treatment of non-resident Indian (NRI) investments and income. The Ministry of Commerce and Industry in Press...
Government enables FDI support for self-reliance
In May 2020, the prime minister inaugurated Atmanirbhar Bharat or self-reliant India programme (ANB), and announced various economic packages to boost the economy. The main aim of ANB is to make India a global...
Opportunities for overseas IPOs
With the government set to permit the direct listing of Indian companies on overseas stock exchanges, Frost Brown Todd’s Bobby Majumder and David Zylka set down the advantages of going public on US and UK exchanges
In recent years,...
Devil in the e-detail
The government is keen to support the growth of online trade, but its draft e-commerce rules could have the opposite effect. Freny Patel reports
India’s draft e-commerce rules have come under fire from industry experts...
Amendments to FDI in the telecom services sector
The Ministry of Finance has released the gazetted copy of the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021 (amendment rules). The amendment rules revise the Foreign Exchange Management (Non-debt Instruments) Rules, 2019,...
New FDI rules prompt Yahoo News to exit India
Yahoo brought down the shutters on its news websites on 26 August as a result of recently updated foreign direct investment rules that limit foreign ownership of digital media.
“The decision did not come lightly”...
A corridor to new Singapore economic partnerships
Singapore’s strategic maritime location, well-respected diplomatic links and excellent treaty network make it the gateway to Asian markets. With 29% of foreign direct investment (FDI), it heads the list of investors in India. The...
Downstream investments by NRIs are not foreign investments
Investments by non-resident Indians (NRI) in Indian entities, that is companies or LLPs, on a non-repatriation basis are deemed to be domestic investments and treated equally with investments by residents. However, the Foreign Direct...
Trust structures from an FDI perspective
Trust structures are increasingly gaining popularity for wealth and succession planning in India where most businesses are family driven. Increased global business opportunities have led business families, particularly the younger generations, to migrate and...
FDI policy oversees trading on technology platforms
The buying and selling of goods and services on technology platforms has grown exponentially during covid-19. A technology platform connects buyers and sellers and facilitates commercial transactions between them. E-commerce platforms, under the FDI...
Increased liabilities for AIF committee members
The Securities and Exchange Board of India (SEBI) recently amended the SEBI (AIF) Regulations, 2012. The amendment introduces several regulatory changes to the framework for governance of alternative investment funds (AIFs) in India. One...
What the 2021 budget holds for business
The budget for 2021-22, which was unveiled on 1 February 2021, impacts a number of commercial sectors.
In the corporate field, small companies are now defined as companies with paid up capital of ₹20 million...
States can grow through nurturing neo agriculture
Setting up a company depends on how business people view circumstances. Factors such as infrastructure, stamp duty laws, domestic and international connectivity, the policies of state governments, the availability of labour and talent, and...
Policy tweak
The Draft Data Centre Policy 2020 is much needed for the digital economy, but could benefit from single window clearance, economic incentives and protections against misuse of data, writes PM Devaiah
The Draft Data...
Reach for the sky
The aviation industry is poised for soaring growth after flying through the current turbulence, writes Boeing counsel Akhil Prasad
The aviation industry has come a long way since the first commercial flight in India on...
Pulling the plug
The government's plan to cap foreign investment in digital media aims to control the influence of online news, and curb fake news, but the legislation leaves a lot of questions unanswered despite a clarification...
Alpha Partners, SAM assist on Mosaic Media deal
Alpha Partners advised HT Media when it acquired Mosaic Media Ventures, a subsidiary of News Corporation, for an undisclosed amount. Shardul Amarchand Mangaldas & Co (SAM) advised News Corporation and its Singapore-based subsidiary, NWS...
New foreign investment limits for digital news media
In August 2019, the government announced reforms to the foreign direct investment (FDI) policy to permit 26% FDI under the government route in the uploading and streaming of news and current affairs through digital...
Commerce ministry consolidates FDI policy changes
The Ministry of Commerce released the 2020 edition of the consolidated foreign direct investment (FDI) policy on 28 October, incorporating all the changes adopted in foreign investment in the past year.
The 111-page document tries...
Billions on the line
Vodafone may have won the day after a favourable arbitration result cut off India's claim to massive back taxes, but will this crucial award remain unchallenged when so much more is at stake? Freny...
FDI limits in defence sector further liberalized
The government on 18 September issued Press Note 4 of 2020 to increase the foreign direct investment (FDI) limit in India’s defence sector to 74% from 49% under the automatic route. The liberalized FDI...
Press note 3: Restriction on investment from China
With the spread of the global pandemic coupled with an economic downturn, the government appears to have become concerned at foreign footprints in Indian industries. The growing global antagonism against China heightened concerns over...
FDI relaxations in insurance may not get desired response
In a timely move intended to attract foreign direct investment (FDI), the government has allowed 100% FDI under the automatic route in insurance intermediaries. Industry stakeholders had long requested a relaxation in investment caps...
Defining ‘beneficial owner’ and FDI restrictions
To restrict opportunistic takeovers/acquisitions of Indian companies due to low valuations in light of covid-19, the Department for Promotion of Industry and Internal Trade (DPIIT) via Press Note 3 of 2020 (PN3) revised the...
Covid-19 impacts exit of PE and VC investors
In the wake of the covid-19 pandemic and its economic consequences, the private equity and venture capital industry has seen a major downturn. The pandemic has also increased the focus on exit options available...
Japan’s rising interest in the Indian startup scene
A look at investment trends over the past few years clearly shows that Japanese investors have made huge inroads into Indian private equity and venture capital markets. They are currently some of the biggest...
Expanding Indian manufacturing in EU, US
Exponential growth in the manufacturing sector that had been promised for more than a decade may soon be achieved. Post-1991 reforms that liberalized the economy led to substantial but gradual growth. The current government...
Facilitating exits in a post-covid-19 world
The economic reforms of 1991 gave India a high growth trajectory making it the fifth largest economy in the world. While complete capital account convertibility is still not permitted, significant steps have been taken...
Standing down the guard and increasing FDI in defence
In one of most significant moves in modern times concerning the defence sector, the finance minister recently announced that the foreign direct investment (FDI) limit in the defence sector under the automatic route would...
Protection of founder interests in VC transactions
Before the outbreak of COVID-19 pandemic, startups and the founders had a healthy infusion of funds, with multiple investors ready to assist them to achieve their revenue and customer acquisition targets. The chain from...
Foreign entities acquiring real estate in India
Every non-Indian entity (foreign entity) setting up operations inevitably becomes involved in the acquisition of real estate whether by lease, licence or sale. While Japanese entrepreneurs have long been doing business in India, their...
New rules to socially distance non-resident investors
“The times they are a-changin”, Bob Dylan sang in his famous song, which seems as apt for the current regulatory regime of foreign exchange laws as it did for the turbulent times in which...
Moving past the pandemic
The pandemic has thrown up challenges for maintaining productivity, honouring contracts and keeping workers employed. Mansha Shukla writes about the key considerations for in-house counsel
COVID-19 is preying on thousands of lives and has battered...
Jio-Facebook deal: Competition in jeopardy?
On 23 April, the Indian market saw one of its biggest deals go off. Facebook bought a 9.9% stake in Jio Platforms for a whopping US$5.7 billion. With Jio attracting the largest FDI deal...
Slowing the free fall
Taking stock of the relief measures deployed by regulators to soften the impact of the lockdown. Gautam Kagalwala reports
With the COVID-19 outbreak, the government has been fighting on two fronts. It has introduced a...
Online payment players are now under the RBI
After first raising its intention to bring payment aggregators (PA) and payment gateways (PG) under its regulatory purview in its discussion paper of September 2019, the Reserve Bank of India (RBI) on 17 March...
Virtual currency trade sees challenges with FDI
On 4 March 2020, the Supreme Court (court) quashed the Reserve Bank of India’s (RBI) circular of 6 April 2018 prohibiting entities regulated by the RBI from dealing in virtual currencies (VC) or providing...
What’s in store for M&As in a post COVID-19 economy
The economy has come to a halt in the current unprecedented situation. Apart from medical and essential service providers, labour and capital have been idle during the coronavirus-induced lockdown, and the world economy seems...
A chaotic situation in cross-border demergers
In December 2019, the National Company Law Tribunal (NCLT) in the matter of Sun Pharmaceutical Industries held that the Companies Act, 2013 (act), read with the Foreign Exchange Management (Cross Border Merger) Regulations, 2018...
Budget gives foreign direct investment its rightful place
Despite weak macroeconomic trends due to various internal and external factors, India witnessed a sharp increase of 16% in foreign direct investment (FDI) in 2019. Structural reforms undertaken by the government, including a reduction...
Legal and financial plans beyond COVID-19
COVID-19 has presented challenges that nobody could have envisaged three months ago. Each day existing as well as future challenges become larger. We need to fight the current difficulties and keep ourselves safe from...
FDI in digital media – easing of norms or restriction?
Last year the government, in order to boost the flagging economy, announced policy changes to foreign direct investment (FDI) under which investment norms were relaxed in certain sectors. The announcement was followed up by...
The risk-reward conundrum
A GC’s ability to play a lawyer-guardian type role in a company is critical, writes Neeta Sanghavi
The purpose of corporate governance is to facilitate effective entrepreneurial and prudent management that can deliver the long-term...
Perspectives on Korean investment in India
India has gradually liberalized its norms for attracting foreign direct investment (FDI). South Korea has emerged as one of the largest contributors to FDI. More than 500 South Korean companies, including Samsung, LG, Hyundai,...
India in 2020: Easing restrictions on foreign investment
This article is one of four in an annual Vantage Point series where in-house counsel identify key risks and opportunities in the year ahead
Foreign direct investment (FDI) is a major monetary source for India’s economic...
NBFCs brought under purview of insolvency code
With the introduction of a codified law on insolvency and bankruptcy processes, restructuring jurisprudence entered a new era. While the new law focused on rehabilitating and restructuring stressed companies, restructuring processes involving financial service...
Amendments bring clarity for foreign-owned retailers
The Department for Promotion of Industry and Internal Trade (DPIIT) released Press Note 4 of 2019 on 18 September 2019 introducing, among other matters, changes to the policy for foreign direct investment (FDI) in...
Perils of company buyback in venture capital financing
You just have raised a new round of financing for your company at a rich valuation. It has been a particularly hard and well-fought negotiation with your investors. Before the celebrations can begin, however,...
Open for business
The government recent relaxed foreign investment requirements in areas such as single brand retail and contract manufacturing to outside players. Dipti Lavya Swain assesses the move
The Indian government recently announced several measures intended to...
FDI reforms give embattled economy a shot in the arm
Government data show that economic growth has slipped to 5% for the April-June 2019 quarter, a six-year low. With stock markets tumbling and automobile manufacturers grumbling, the government has gone on a reform spree....
Foreign exchange management rules notified
The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI rules), notified by the central government on 17 October 2019, along with the Reserve Bank of India’s (RBI) Foreign Exchange Management (Debt Instrument) Regulations, 2019,...
Acquisition of companies through share swaps
Analysis of global trends shows that share swap structures have become integral elements in most M&A transactions. The acceptance of stocks as currency for such acquisitions is well established, as Disney’s US$71 billion acquisition...
MSME policy and Korean investment in India
The micro, small and medium enterprise (MSME) sector is the second-largest employer in India, coming in just behind the agrarian sector. The MSME sector plays a critical role in the Indian economy. The central...
Searching for answers in new FDI proposal
On 28 August 2019 the government announced its new proposal on Foreign Direct Investment (FDI). While the announcement has been made, the fine print of the proposed changes to the existing FDI policy has...
Enforcing PPA: Guarding against unilateral change
Private sector participation in power generation has been at the core of power security in the last two decades, with independent power producers (IPP) currently owning 46% of the total installed generation capacity in...
Understanding changing e-commerce landscape
Indian government’s decision to allow 100% FDI in e-commerce through the automated route in 2016 was a breath of fresh air for a large number of startups in India. It was a welcome move...
Long and short of e-commerce foreign investment rules
E-commerce in India has grown at a phenomenal pace, successfully changing the way people transact. The Digital India initiative by the government has helped expand the e-commerce sector in India across services ranging from...
Infrastructure investments to boost economic growth
Infrastructure is the backbone of any nation’s development and, therefore, the sector enjoys the government’s attention. In the interim budget for 2019-2020, around ₹4.56 trillion (US$63.20 billion) was allocated to the infrastructure sector, which comprises...
Bitter pill to swallow for foreign investors in pharma
Partially in response to a number of high-visibility inbound acquisitions in the Indian pharmaceutical sector, the government of India decided to bring brownfield acquisitions completely under the government approval route in November 2011. Greenfield...
Policy prescriptions to ignite FDI in defence production
The foreign direct investment (FDI) policy allows foreign original equipment manufacturers (FOEM) in the defence sector to acquire up to a 49% stake in Indian joint ventures (JV) under the automatic route and up...
Online aggregators need legal, regulatory clarity
Regulation of e-commerce in India, specifically the permissibility of foreign investment in the sector has been dominated by, and has evolved into, a discussion on what constitutes a marketplace. While the foreign direct investment...
DPIIT provides clarity on defence manufacturing
India’s foreign direct investment (FDI) policy sets out the restrictions applicable to investments in the defence sector and makes it applicable to the defence industry subject to industrial license under the Industries (Development &...
Kachwaha grows its partnership
Ankit Khushu, a senior associate at Kachwaha & Partners, has been elevated to the firm’s partnership with effect from 1 April. With Khushu’s promotion the firm now has four partners.
“Our firm believes in organic...
Single brand retail: Poised for gains or lost in ambiguity?
Foreign direct investment (FDI) in the single brand retail trading (SBRT) sector was expected to gain traction owing to a comparatively relaxed framework introduced last year. The revised regime permitted 100% FDI under the...
SEBI issues circular for alternative investment funds
The Securities and Exchange Board of India (SEBI) on 26 November 2018 issued a circular outlining the operating guidelines for alternative investment funds (AIFs) in the international financial services centre (IFSC). SEBI had issued...
Deals of the Year 2018
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Deals of the year 2017
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Deals of...
India in 2019
Three prominent in-house counsel foretell the risks and opportunities in the pharma, data privacy and e-commerce sectors
Pharma: evolving priorities
The year ahead will see pharma companies and their general counsel (GC) continue to grapple with...
Current regulatory trends bode well for joint ventures
The “Make in India” initiative launched by Prime Minister Modi on 25 September 2014 offered several incentives, enabling foreign businesses in various sectors to collaborate with domestic players. It provided an impetus to the...
The grinch that stole Christmas for e-tailers
The day after Christmas, the government issued a press note clarifying its stance on foreign direct investment (FDI) norms for e-commerce marketplaces, in a bid to mollify trade associations that were protesting against the...
DailyNinja scores new round of funding
DailyNinja Delivery Services’ new round of funding involved drafting of a deed of adherence (DOA) to help the company, which has many angel investors, raise capital faster in the future, said a lawyer involved...
Forex rules hinder foreign participation in debt unwind
“It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.” (Ralph Waldo Emerson.) Whether or not universally true, this quotation...
Media ownership rules in the age of internet
The rapid consolidation in the Indian media industry has again caused a debate on the regulation of cross-media ownership. While the number of channels for entertainment and information have increased, control of these channels...
Financial services firms hit by minimum capitalization
A press release from the Ministry of Finance dated 16 April has modified the 2017 foreign direct investment (FDI) policy by reintroducing the concept of minimum capitalization norms for the financial services sector. The...
News in brief
PROMOTIONS AT F&M, KOLKATA
Fox & Mandal, Kolkata (F&M) promoted seven of its principal associates to partner on 29 August.
The promotions bring the total number of partners to 12 across the firm’s four offices.
The new...
Bahrain bank funds Navi Mumbai township project
Solomon & Co, which advised Khaleeji Commercial Bank in its funding of a ₹500 billion (US$7 billion) township project, had to work within the Shariah law framework to meet the bank’s requirements.
The Bahraini bank...
Ease of doing business: Uneasy reporting of FDI
The past couple of years have seen substantial reforms to further liberalize foreign direct investment (FDI) rules in India, in a bid to attract more foreign investment. While some sectors continue to have restrictions...
Convertible notes: A viable option for Indian startups?
Overseas investors looking to invest in Indian companies through the foreign direct investment (FDI) regime have traditionally had to do so either through equity shares or through instruments that are compulsorily convertible into equity...
Clarity needed on contract or job worker manufacturing
Manufacturers in India are permitted to sell their products through wholesale and/or retail (including through e-commerce) without seeking prior approval of the government. A long-time provision in the foreign direct investment (FDI) policy permits...
Upswing in M&A activity expected to gather steam
The infrastructure sector – largely comprising power, roads and highways, urban built-up infrastructure, townships and construction development activities – is an integral factor in the rapid growth of India’s economy. The country has witnessed...
Foreign funds pouring into affordable housing projects
The launch of Pradhan Mantri Awas Yojana – a government scheme targeting housing for all by 2022 – has led to a shift of focus from the luxury segment to affordable housing. Other factors...
Ministry’s move mystifies financial services sector
India’s financial services sector has attracted significant interest, both from lawmakers and foreign investors. Liberalization of the sector can be traced back to the early 1990s.
Before October 2016, foreign direct investment (FDI) in the...
Minimum capital norms introduced for FDI entities
The Ministry of Finance in a press release dated 16 April introduced minimum capital norms for foreign investment in entities (unregistered or exempted) involved in other financial services, which are unregulated by financial sector...
Steps in press note enhance India’s allure for investors
In the past, regulatory stagnancy and resistance to change, coupled with regulatory uncertainty, interpretational ambiguity, and a protectionist attitude, have hamstrung India’s efforts to project itself as a destination for foreign direct investment (FDI)....
Instruments and options available under FDI route
The past two to three years have been an exciting time to practise private equity law in India with the government heightening its focus on creating a more navigable terrain for foreign investors. Various...
Clearer policy needed on cross-border share swaps
One of the less discussed aspects of liberalization under the foreign direct investment (FDI) policy is in relation to share swaps. Apart from traditional means of cash payment for acquiring capital instruments, the extant...
NLS Bengaluru bags first prize at Boston moot finals
A team from the National Law School of India University (NLSIU) Bengaluru, emerged as the global winner of the Skadden Arps Foreign Direct Investment International Arbitration moot, which took place at Suffolk University Law School...
FDI policy: What is needed to draw more investment?
Start-up India, Make in India and other ambitious government initiatives, coupled with a liberalized policy and legislative improvements in areas such as insolvency and taxation, have resulted in India rising to 100th on the...
Business perspectives of mines and minerals regime
India is rich in natural resources, with a geological makeup that is similar in many ways to that of countries such as Canada, Australia, Brazil, South Africa, Chile and Mexico. With the world’s third-largest...
RBI implements new foreign exchange regulations
The Reserve Bank of India (RBI) on 7 November issued the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (TISPRO Regulations). The new TISPRO regulations supersede...
FDI Policy, 2017: Decoding ambiguities
One of the prime targets in policy making has always been attracting greater foreign investment into India. Accordingly, the country’s foreign direct investment (FDI) policy has been frequently amended, as and when required. On...
Processing of FDI proposals: What will the new era hold?
The government of India, through a notification dated 5 June, approved the proposal for phasing out of the Foreign Investment Promotion Board (FIPB). Pursuant to the proposal, the task of granting approval for foreign...
DIPP issues consolidated FDI policy
The Department of Industrial Policy and Promotion (DIPP) issued the Consolidated Foreign Direct Investment Policy Circular of 2017, effective from 28 August. The consolidated foreign direct investment (FDI) policy has made certain general changes...
Processing of FDI proposals standardized
The Department of Industrial Policy and Promotion (DIPP) of the Ministry of Commerce and Industry on 29 June issued a standard operating procedure (SOP) for processing foreign direct investment (FDI) proposals. The SOP sets...
Bustling market
Liberalization and reforms fuel record-breaking M&A activity, writes Nandini Lakshman
The year 2016 saw a swell in the number of India-related mergers and acquisitions thanks to a series of changes. A more liberalized foreign direct...
Cruz City ruling: ‘Option’ for downside protection
Delhi High Court in its recent decision in Cruz City v Unitech rejected Unitech’s objections to enforcement of an arbitral award. The dispute related to the put option exercised by Cruz City obligating Unitech...
Still stalking?
India heads at international law firms say they have not wavered in their commitment to India
When the first issue of India Business Law Journal rolled off the printing press in June 2007, many observers...
Changes needed to attract defence sector investment
The current consolidated foreign direct investment (FDI) policy, as amended by the Department of Industrial Policy and Promotion via Press Note 5 of 24 June 2016, allows for FDI in the defence sector up...
Investing in roads: Issues, mitigation and incentives
India’s 4.87-million-kilometre road network is the world’s second largest and accounts for almost 80% of the country’s passenger traffic and 60% of its freight traffic. To develop the roads sector, the government has allocated...
Big, bold and bullish
The desire for control, the struggle for funding, a changing tax regime and increased liability are some of the key themes dominating India’s private equity landscape. Vandana Chatlani reports
Last year was a year of big and...
Rules for FDI in limited liability partnerships clarified
The Reserve Bank of India has notified a scheme for foreign direct investment (FDI) in limited liability partnerships (LLPs) through an amendment to the Foreign Exchange Management (Transfer or Issue of Security by a...
Dynamism endures
Iqbal Khan and Natashaa Shroff at Shardul Amarchand Mangaldas analyse India’s PE landscape in 2017
In a global investment environment characterized by increasing policy uncertainty, the India investment story is a rare example of a...
