| Financial Consultancy |
| Project Consultancy including clearances
and preparation of Project Report, Memorandum and Articles
of Association etc. |
|
| HR Consultancy |
HR Consultancy including Evaluation, Training
Programmes, Resource Management, People tracking HRD services
|
|
| Immigration Services |
Immigration consultancy for professionals
and others to countries in Europe, Middle East and all
over the World.
|
|
| Lottery Services |
Lottery service to raise substantial sums
of money for good causes such as Educatio f Women's Development
etc.
|
|
| Venture Funding |
Venture Funding services
including New Project Financing, Commercial Financing,
Short and Long Term Financing
|
|
| Project Consultancy |
Project Consultancy including
clearances and preparation of Project Report, Memorandum
and Articles of Association etc.
|
|
|
Policies
For Foreign Direct Investment
|
Several
measures to boost FDI have been announced in 1998-99. Projects
for electricity generation, transmission and distribution
as also roads and highways, ports and harbours, and vehicular
tunnels and bridges have been permitted foreign equity participation
up to 100 per cent under the automatic route, provided foreign
equity does not exceed Rs. 1500 crore. FDI permissible under
Non-Banking Financial Services now includes "Credit Card
Business" and "Money Changing Business". Regarding
equity participation in private sector banks, multilateral
financial institutions have been allowed to contribute equity
to the extent
of the shortfall in NRI holdings within the overall permissible
limit of 40 per cent. The Government has also decided to permit
FDI up to 49 per cent of the total equity, subject to license,
in companies providing Global Mobile Personal Communication
by Satellite (GMPCS) services. Also, minimum capitalisation
norms
earlier required for pure financial consultancy services have
been relaxed. |
GDR/ADR guidelines
have been further liberalised in 1998-99. Unlisted companies
are now permitted to float Euro issues under certain conditions.
All end-use restrictions on GDR/ADR issue proceeds have been
removed, except the prevailing restrictions on investment in
stock markets and real estate. The 90-day validity period for
final approvals of GDR/ADR issues has been withdrawn and final
approval will continue to be valid, thereby imparting greater
flexibility to issuing companies regarding the timing of issues.
Indian companies are now permitted to issue GDRs/ADRs in the
case of Bonus or Rights issue of shares, or on genuine business
reorganisations duly approved by the High Court. The companies,
however, in all such cases, will be required to get approval
from the Department of Economic Affairs for the issue of GDRs/ADRs. |
Direct Investment vs Portfolio Investment (U.S. $ million) |
| |
1991-92 |
1992-93 |
1993-94 |
1994-95 |
1995-96 |
1996-97 |
1997-98 |
1997-98(April-Dec) |
1998-99(April-Dec) |
| Direct Investment |
129 |
315 |
586 |
1314 |
2133 |
2696 |
3197 |
2511 |
1562 |
| Portfolio Investment |
4 |
224 |
3567 |
3824 |
2748 |
3312 |
1828 |
1742 |
-682 |
| Total foreign investment |
133 |
559 |
4153 |
5138 |
4881 |
6008 |
5025 |
4253 |
880 |
| |
|
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|
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|
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