International-Business-Dr-R-Chandran-E-book
International-Business-Dr-R-Chandran-E-book
International-Business-Dr-R-Chandran-E-book
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63<br />
<strong>International</strong> <strong>Business</strong>- <strong>Dr</strong>. R. <strong>Chandran</strong><br />
infrastructure sector as also high priority industries such as information<br />
technology, through specific schemes such as the Growth Center<br />
Schemes. Transport Subsidy Schemes, New Industrial Policy for the<br />
North-East and other hill States, Electronics Hardware Technology Park<br />
(EHTP), Software Technology Park (STP), Export Promotion Zones<br />
(EPZs), Special Economic Zones (SEZs). Maharashtra, Delhi, Tamil<br />
Nadu, Karnataka, Gujarat, Andhra Pradesh, Madhya Pradesh, West<br />
Bengal, Orissa and Uttar Pradesh accounted for a major portion of FDI<br />
investment approvals during the cumulative period i.e. from August 1991<br />
to March 2004.<br />
FDI Promotion Initiatives<br />
Several steps have been initiated during the year to facilitate increased FDI<br />
inflows, which include, inter alia, the following:<br />
• On the policy front: While our FDI policy is already very liberal, it is<br />
being further progressively liberalized. Equity caps in the banking<br />
sector, the petroleum sector and printing of scientific/technical<br />
magazines/periodicals & journals have recently been raised as a<br />
measure of further liberalisation of policy.<br />
• On the investment promotion front: The Government organized<br />
“Destination Authority has been actively involved to ensure speedy<br />
resolution of investment related problems, which has been widely<br />
acknowledged as an effective problem-solving platform.<br />
• On the competitiveness issue: The Government has received reports<br />
on various studies on current potential and risks involved in various<br />
business activities in India. Different sectors with competitive<br />
advantages have been enlisted to attract foreign investment.<br />
• An exclusive website is hosted by the promotion authorities is<br />
comprehensive and informative with online chat facilities. About<br />
2000 investment related queries were replied to during the year.<br />
• The Committee on Reforming Investment Approval and<br />
Implementation Procedures submitted its reports on simplification of<br />
investment procedures. Steps have already been initiated to implement<br />
these recommendations. The Department is coordinating with other<br />
ministries to implement the same at all levels in the Central<br />
Government.<br />
Only for Private Circulation