(a) whether Indian companies have acquired distribution channels, brands and global customer base internationally;
(b) if so, the details thereof; and
(c) the steps taken by the Government to encourage Indian MNCs in this regard?
(a) whether Indian companies have acquired distribution channels, brands and global customer base internationally;
(b) if so, the details thereof; and
(c) the steps taken by the Government to encourage Indian MNCs in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY(SHRI JAIRAM RAMESH)
(a) to (b) As per available information, the details of sectors in which the Indian
Companies have set up Joint Ventures (JVs) or Wholly Owned Subsidiaries (WOS)
abroad are as follows:
(c) The Government has a liberal policy for Indian direct investments abroad which
includes permission to Indian Corporates to invest upto 200% of their net worth in
entities abroad; removal of monetary ceilings; removal of the stipulation of minimum
net worth for Indian Companies engaged in financial sector activities in India for
investment abroad in the financial sector; enlargement of the scope of guarantee
under the automatic route and further liberalization of the automatic route of
disinvestments.