NEW DELHI, November 24 – LIVEMINT – Today in a meeting the Union cabinet is expected to approve 100% foreign direct investment, or FDI, in single-brand retail and 51% in multi-brand. In the case of multi-brand retail, fresh agri produce cannot be branded and 30% of the inputs have to be sourced from small enterprises. Multi-brand entities will have to bring an investment of $100 million. As for FDI in single-brand entities, retail presence has to be directly through the owner. FDI in multi-brand retail help in easing inflationary pressures and result in large-scale employment with better remuneration. – LIVEMINT – Careers Australia group, the biggest private provider of vocational training in Australia, wants to enter India, where industries need millions of trained workers every year, and is a looking for a local partner. The Indian government plans to impart skills training to 500 million people by 2022 to meet the workforce needs of the world’s second fastest growing major economy particularly in industries such as auto, building and construction, textile and organized retail, and the unorganized sector. – BUSINESS STANDARD – The Ras Al Khaimah Free Trade Zone (RAK FTZ) of UAE is expecting a 15 per cent growth in the number of Indian investors and companies. So far, around 2,000 Indian companies have set up base in the zone including Murugappa, Kotak Mahindra Bank and Zoom Developers. The zone, which started with 15 companies back in 2000, now hosts more than 10,000 companies from 106 countries. It offers on-demand and custom-built support services to investors. It also offers a range of services, including legal, human resources and marketing assistance. – ECONOMIC TIMES – According to Malaysian Premier Najib Razak Malaysia and India have great potential to expand bilateral trade and investment and set the target for 2015 as USD 15 billion. The Premier, who also handles the Finance portfolio, said his optimism was particularly buoyed by the Comprehensive Economic Cooperation Agreement (CECA) signed between the two countries in February and which came into force from July this year. He also noted that while the trade figures were promising, Malaysian and Indian companies had yet to take full advantage of the trade and investment opportunities available in each other's countries.
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.