Shashi Mathews, Partner at CMS INDUSLAW
The announcements on Samarth 2.0 to upgrade the textile ecosystem and the proposal for setting up Mega Textile Parks is a welcome move from an international trade perspective as this will help India stifle the competition expected from Vietnam, Bangladesh and China. Combined with the recent India-EU FTA, this will help textile manufacturers and exporters to grow their exports.
Lokesh Shah, Partner at CMS INDUSLAW
The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the NDI Rules) form the cornerstone of India’s foreign investment regime, governing the contours of foreign ownership and control of Indian entities. Their significance lies in providing clarity, consolidation, and legal certainty to foreign capital inflows. In a significant policy signal, the Hon’ble Finance Minister has now announced a comprehensive review of the NDI Rules with a view to further augment and potentially liberalise foreign investment in India.
