Monday, October 13, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Budget offers opportunities

Fiinews by Fiinews
February 4, 2017
in Investment, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Budget offers opportunities

Ghosh highlights opportunities from Budget 2017-18.
Foreign investors should be more comfortable with India which is to further liberalise the Foreign Direct Investment (FDI) policy following proposal to abolish Foreign Investment Promotion Board (FIPB), announced in Budget 2017-18, Abhijit Ghosh, India Desk Leader and Tax Market Leader at #Pricewaterhousecoopers (PwC) in Singapore, told fii-news.com.

“Hopefully this will aid in streamlining processes for making inward investments and reduce time and effort required to set up business operations in India,” said Ghosh.

Further the clarification pertaining to non-applicability of indirect transfer provisions to overseas investors who hold investments, directly or indirectly in Foreign Institutional Investors (FII) and Category I and Category II Foreign Portfolio Investors (FPI) and extending tax neutrality to conversion of preference shares into equity shares, should be warmly received by the international investor community.

Touching on potential projects, he highlighted massive spending presented in the budget in parliament on 1 February 2017.

As expected, significant budget of around Rs.3.96 trillion has been allocated for development and improvement of infrastructure covering rail, roads, shipping, aviation and power sectors.

Further, the Budget also proposed to put in place a mechanism to facilitate dispute resolution for infrastructure related construction contracts, Public Private Partnership (PPP) contracts and public utility contracts. “This should send a positive signal to the global investor community looking to invest in infrastructure opportunities in India,” stressed Ghosh.

The Budget has proposed a tax incentive to facilitate development of Amaravati, the new capital city of Andhra Pradesh. As per the proposal, all the land owners (individuals and undivided families) who have transferred their land for development of Amaravati city under the land pooling scheme, will be exempt from capital gains tax on gains arising as a result of such transfers.

“This should facilitate in peaceful acquisition of land for building Amaravati (and may apply for development of other potential smart cities). This in effect should give confidence to the international investors looking to bid to support government in its Smart Cities initiative,” said Ghosh.

He underlined the budget’s offers for FDI/foreign investors/portfolio investors.

The biggest relief provided by the Budget to Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) is in form of clarification on non-applicability of Indian indirect transfer provisions to overseas investors who hold investments, directly or indirectly in such FIIs and Category I and Category II FPIs.

Further relaxation in the conditions pertaining to special tax regime for offshore funds, extension of lower withholding tax of five per cent in respect of interest pay-outs on Rupee denominated bonds issued outside India and extension of capital gains exemption to transfer of Rupee denominated bonds from non-residents to non-residents, will be warmly received by the FIIs/FPIs.

Ghosh sees opportunities in demonetization, announced by Prime Minister Narendra Modi on 8 November 2017.

“The recent demonetisation initiative coupled with the Budget’s thrust to go digital and embrace a more cashless ecosystem should lead to business opportunities for international Fintech and Ecommerce companies,” he said. fii-news.com

Tags: AmaravatiAndhra PradeshPricewaterhousecoopersUnion Budget 2017-18
ShareTweetShare

Related Posts

MEA
Projects

Project: India works on nature-positive development

by Fiinews
October 12, 2025
0
12

Smart Cities blend financing with local planning Minister of State for Environment, Forest and Climate Change, Kirti Vardhan Singh, has...

PIB
Projects

Project: MedTech gets Rs.5,000cr PRIP support

by Fiinews
October 12, 2025
0
11

Agrawal says medical device facilities expanding A soon-to-be launched Rs.5,000 crore Promotion of Research and Innovation in Pharma MedTech Sector...

AIBC

Project: India-Australia reposition defence ties

October 12, 2025
11
PIB

Project: 3 defence pact signed India-Australia

October 11, 2025
13
Praj Industries

Project: Praj decarbonises ethanol plant in Keyes

October 9, 2025
17
PIB

Project: Govt moves on carbon neutrality

October 9, 2025
15
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: BPCL-RMBL to boost CGD-CNG in India
  • Tech: Alliances commit to shape future of 6G
  • Project: India works on nature-positive development
  • Tech: PM meets Qualcomm-Anthropic CEOs
  • Project: MedTech gets Rs.5,000cr PRIP support

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.