FDI norms and the India card for FDI

FDI ‘policy’ upgraded post budget

  • 100% FDI extended to brownfield pharma projects only thru prior approval to avoid further foreign buying of indian operations for global scale without local commitment 
  • Aviation FDI more eagerly awited by media and government on hopes of a lifeline for KFA and Spicejet
  • Multi brand Retail and Nuclear Energy FDI pushed by RBI draft
  • Emirates is interested in adding its expertiese to the 300 mln strong Indian consumption sector 
  • FDI norms for Commodity exchanges updated to allow the 21% FII investment under automatic route
  • FDI in leasing and finance is restricted to financial leasing businesses and not operating leases
  • February figures showed inteerest in FDI healthy at $2 bln 
  • QFI investors recently approved for Driect investments would apply under FDI limits upto 5% by each investor and 10% overall
  • Sectoral limits for FII investments may be raised to Sectoral FDI notices only by intimation to FIPB/RBI/SIA
  • Conversion of Equity not allowed for second hand capital imports
  • India trade is likely to grow to a $1 Tln from the current $240 in Exports and $450 bln in imports in a few years
  • India Auto sales have been projected to grow to #3 worldwide behind US and China and ahead of Brazil
  • India lifestyle and entertainment spending is likely to hit $10,000 per year per family  for 15% of the consumer population in the next 10 years divvied across Eating Out, Metro entertainment (and Shopping) and oiutside home, groceries , healthcare and education ( 15 mln households with discretionary spends greater than INR 450,000 per year or 75 mln premium consumers) and icnluding premium spending in all categories

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