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Impact of FDI on SMEs

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..... Impact of FDI on SMEs - News and Press Release Dated:- 6-12-2012 - News - Press Information Bureau Government of India Ministry of Overseas Indian Affairs 06-December-2012 17:59 IST The existing policy, allows for 100 per cent Foreign Direct Investment (FDI), in single-brand trade, subject to the condition that in respect of proposals involving FDI beyond 51 per cent, sourcing o .....

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..... f 30 per cent of the value of goods purchased, will be done from India, preferably from micro, small medium enterprise (MSMEs), village and cottage industries, artisans and craftsmen, in all sectors as per Circular 1 of 2012 Consolidated FDI Policy of DIPP. FDI complements and supplements domestic investment. The small and medium enterprises (SMEs) would be benefited through FDI, by way of e .....

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..... nhanced access to supplementary capital state-of-the-art technologies, exposure to global managerial practices and technologies as well as opportunities for integration into global markets. As per existing policy, FDI in MSEs (as defined under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) is subject to the sectoral caps, entry routes and other relevant sectoral re .....

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..... gulations. This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri K. H. Muniyappa in a written reply to a question in the Lok Sabha today. ***** RTS/HSN - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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