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    India’s e-commerce policy caught between a rock and a hard place

    2019-02-15T14:37:31+00:00February 8th, 2019|2019, UK Edition – February 2019|

    India’s Draft E-Commerce Policy has set off a fierce debate in India about discounts, control and, most importantly, data security. The Indian government is reworking the Draft E-commerce Policy it had released earlier following criticism mainly from foreign players and several independent analysts. In particular, the draft drew criticism for its alleged bias in favour of protectionism and for making the domestic RuPay card, promoted by the National Payments Corporation of India (NPCI), the mandatory payments gateway. It had also [...]

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      Investing in Andhra Pradesh a win-win situation: Chandrababu Naidu

      2018-11-21T07:48:59+00:00November 29th, 2017|2018/2017, India Investment Journal November Edition, State Focus/Andhra Pradesh, Year|

      The Chief Minister of Andhra Pradesh was in the UK recently to convince investors to choose his state for their new business ventures. Andhra Pradesh Chief Minister N. Chandrababu Naidu made a plea for investors in the UK to invest in his state and participate in building Amaravati into "one of the best capitals in the world". Addressing a gathering of entrepreneurs and business chiefs after accepting his Golden Peacock Award for Leadership in Public Life and Economic Transformation from the Institute [...]

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        Short Takes

        2020-03-12T14:44:09+00:00September 20th, 2017|2018/2017, Flagship Scheme, India Investment Journal September Edition, Year|

        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.

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