India’s Further Liberalizes FDI Regime

On June 20, India announced a number of  measures to ease foreign investment in defense, civil aviation, pharmaceuticals, retail, food trade and broadcasting. The Federal Government has liberalized the FDI regime with the objective of providing a major impetus to employment and job creation in India.The government’s action opens up more than a half-dozen sectors to 100 [...]

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June 23, 2016   No Comments

Air India One For Indian PM will be a Boeing 777-300

Prime Minister of India, Narendra Modi, will soon get a  new Air India One aircraft for official purposes. According to exclusive details available with Aaj Tak, the aircraft will be similar to President Obama’s  Air Force One. Defense Minister Manohar Parrikar will finalize the deal for two new Boeing 777-300s during the Defense Acquisition Council meeting [...]

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June 23, 2016   No Comments

India’s Federal Government Withdraws Drugs and Cosmetics Bill

Keeping in mind the ‘Make in India’ initiative, India’s Federal government has decided to comprehensively review and revise the existing 76-year old drug laws on two important features: 1) to facilitate the ease of doing business, and 2) substantially enhancing the quality and efficacy of its products. The rewrite of the laws will take into account the regulation [...]

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June 23, 2016   No Comments

DPP 2016 May Permit Agents in India’s Weapons Purchases

India may again allowing overseas manufacturers to hire defense agents  for securing contracts for their principals. This step has been taken per new guidelines mentioned in the 2016 Defense Procurement Procedure  policy, according to an Indian Ministry of Defense official quoted in Defense News. “The main aim of the new policy (allowing agents) is to place responsibility and pressure on the OEM [...]

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June 23, 2016   No Comments

Prime Minister Modi To Visit IIT Kanpur

A four-day event beginning on July 12 to mark the first anniversary of ‘Skill India‘, a program aimed at honing the skills of  youth so that they become employable, is expected to be held at the Indian Institute of Technology, in Kanpur, where a number of events like debates and seminars have been planned. An exhibition, [...]

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June 22, 2016   No Comments