Reckitt Benckiser (RB), a UK-headquartered consumer goods conglomerate, delves into its journey to find common ground with Clean India.
Indian start-ups get FDI policy boost
A new consolidated foreign direct investment (FDI) policy framework issued by the Indian government this week includes provisions specific to start-ups which is being seen as a major boost for the sector.
According to the 2017 FDI policy document released by the Department of Industrial Policy and Promotion (DIPP), start-ups in India can raise up to 100 per cent of funds from Foreign Venture Capital Investors (FVCIs). They can issue equity or equity-linked instruments or debt instruments to FVCIs against the receipt of foreign remittance.
The document reads: "Startups can issue convertible notes to persons resident outside India (subject to certain conditions).
“A start-up engaged in a sector where foreign investment requires government approval may issue convertible notes to a non-resident only with approval of the government."
Foreign residents, except those in Pakistan and Bangladesh, will be permitted to purchase convertible notes issued by an Indian start-up.
Nitin Gadkari is among one of the Narendra Modi led government’s biggest assets and has undoubtedly shaken things up as the minister for road transport, highways and shipping. He takes some valuable time out of his incessant schedule for ‘India Investment Journal’ to take stock of where things stand in terms of his enormous infrastructure challenge.
Germany to help rejuvenate river Ganga Under the ‘Namani Gange’ programme of the Narendra Modi government, India solicited support from various countries to rejuvenate the river Ganga and Germany has come forward to support the flagship programme. The government of Germany, with its vast experience in cleaning and rejuvenating European rivers such as Rhine, Elbe and Danube, was keen to collaborate with the government of India. Under the agreement signed between India and Germany, the latter will support India in adopting and [...]
Nitin Gadkari is among one of the Narendra Modi led government’s biggest assets and has undoubtedly shaken things up as the minister for road transport, highways and shipping. He takes some valuable time out of his incessant schedule for ‘India Investment Journal’ to take stock of where things stand in terms of his enormous infrastructure challenge. How do you see your vision on ports and roads translating into milestones for the Make in India and Smart Cities programme? One of [...]
India’s sustainability and green agenda has caught the world’s imagination and here we take stock of some of the key moves within the Clean India mission, which ties in seamlessly with a number of other initiatives such as Solar India and Smart Cities. Toshiba bags Clean India contract UEM India, Japan based Toshiba Group’s water service unit in India, has bagged a $19.75 million (Rs 132.6 crore) contract from Jharkhand Urban Infrastructure Development Company (JUIDCO) to supply sewerage system in Sahibganj, [...]
The Clean India initiative goes far beyond its social remit into a business opportunity, for Indian and overseas companies alike. With the full weight of the government behind cleaner, greener infrastructure, there is no better time to invest in this sector. Internationally, green is considered the colour of money because the US dollar, the most widely used currency in the world, is green. The Indian rupee is not green by any stretch of imagination but green could soon mean big [...]
New Delhi develops innovative policy to support local economic regeneration through Clean Ganga initiative. The Indian government’s vision of a more integrated waste-water management policy got its first major boost with the launch of a new incentive-based corporate model.