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Govt claims FDI in telecom at $2.8B and tech industry $2.2B in 6 months

According to the government, foreign direct investment (FDI) in India has increased by 48% between October 2014 and April 2015 as opposed to the same period last year. As per the statement, the telecom sector saw investments worth $2.8 billion while computer software and hardware industry saw investments worth $2.2 billion. In 2014-15, there was an investment of $40.92 billion by Foreign Institutional Investors (FIIs) and the FDI inflow under the approval was $2.22 billion, out of which 90% was on the automatic route. New FDI website for e-filing: In February this year, the Foreign Investment Promotion Board (FIPB) had launched a sleek new website for secure e-filing of applications which needed government approval for Foreign Direct Investment (FDI) in India. With the introduction of the new website, applicants would need to submit only a single copy of the application…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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