Journal : Global Times (Chinese) Date : Author : NA Page No. : 11
URL : http://www.jdqu.com/read-881669-11.html

India launches comprehensive opening up of foreign investment (GT)Global Times reporter: Zhao Juecheng

The Indian government announced on June 20 that it will launch comprehensive foreign investment reform measures, opening up most of the manufacturing and service industries, in order to promote economic openness and to create jobs.

“India is on the fast track of economic liberalization” India’s Business Standard newspaper reported on June 20 that this time’s reforms will  fully open areas like civil aviation, defense, medical, insurance, commerce, animal husbandry, communications and broadcast to foreign investment, cancelling all or part of the technical standards regarding investment projects as well as the requirement that of foreign brands producing in India must use local design for production.  It is worth noting that, as far as retail giants like IKEA and Apple are concerned, India relaxing restrictions on foreign investment in the retail sector means that the door of Indian market is finally opened to them.

In addition, the Indian government has allowed foreign companies to hold a maximum of 74% share in brownfield pharmaceutical projects without the prior approval of the government, also allowing foreign companies to hold 100% share in greenfield pharmaceutical companies.
The Government of India issued a statement on June 20 saying, “After these reforms, India is now the world’s most open countries to foreign investment.” India’s Minister for Commerce and Industry, Sharma (erroneous) said, the goal of foreign investment coming to India’s is clear— it is to serve the “Make in India”, “focus is on job creation, and to ensure that India becomes a manufacturing center.”

印度政府推出全面外资改革举措

本报记者 赵觉珵

印度政府20日宣布,将推出全面外资改革措施,开放大多数制造业和服务业,以促进经济开放和创造就业。

“印度正在经济自由化的快车道上”,印度《经济标准报》20日报道称,此次改革将在民航、防务、医药、保险、电子商务、畜牧业、通信、广播等方面对外资全面开放,全部或部分取消关于投资项目技术标准,以及外国品牌在印生产必须使用当地设计生产等要求。值得注意的是,印度将放松外商对零售业的投资限制,对于宜家和苹果等零售业巨头而言,印度市场的大门终于打开。

此外,印度政府还允许外资企业可在无需政府事先批准的情况下,持有成熟医药项目至多74%的份额,并允许外商对新建制药企业100%持股。

印度政府20日发表声明称,“经历这些改革,印度现在是世界上对外资最开放的国家”。印度商业和工业部长夏尔马称,进入印度的外资的目标很明确,就是要服务于“印度制造”,“重点是创造就业,确保印度成为制造中心”。▲

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