August 2016, Asian Legal Business
India recently announced sweeping reforms to rules on foreign direct investment, announcing easier terms for investors in sectors ranging from civil aviation to pharmaceuticals. However, it still has some way to go before it provides a However, New Delhi is still far from providing a truly investor -friendly business environment., says Raghavendra Verma
India’s latest round of reforms in foreign direct investment (FDI) rules are expected to accelerate the flow of investment and boost growth in the crucial sectors like defence, pharmaceutical and civil aviation. However, New Delhi is still far from providing a truly investor friendly business environment. Raghavendra Verma reports from New Delhi
“The government has really lived up to its expectations and the recent amendments will give a major impetus to FDI,” says Akshay Chudasama, managing partner of Shardul Amarchand Mangaldas & Co in Mumbai. Global strategic investors often need to invest a percentage of their corpuses in emerging markets and India is one of the most attractive destinations, he says. - Read More (Page 30) -
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