What kind of incentives is the Indian Government offering to OCBs and foreign investors?
Incentives that the Indian Government offers to Foreign Direct Investors include: 1. No government approval required for FDI in virtually all the sectors except a small negative list 2. A simplified approval process for Single Window Clearances (SWC). 3. Proposals for foreign participation that do not qualify for automatic approval are considered, and decisions on these proposals are usually taken within 30 days of application 4. Special tax incentives for exports and certain sectors such as power, electronics, software and food processing 5. Double taxation avoidance 6. Use of foreign brand names for sale of goods 7. Free repatriation of profits and capital investment except for a short specified list of consumer goods industries where it is subject to dividend balancing against export earnings 8. Investment subsidies – state financing a certain percentage of capital cost on a project. 9. Interest subsidies on loans granted by State Financial Corporations 10.
