GOVT MAY ALLOW 100% FDI IN INFOTECH SECTOR
Article Abstract:
The Government is planning to permit 100 percent foreign direct investment (FDI) in the software and hardware technology sector. This will boost foreign investment flows and exports and investors can avoid delays associated with the Foreign Investment Promotion Board as they will only have to inform the Reserve Bank of India about the monies brought in and the consequent level of equity. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SOFTWARE'S SUN ON THE RISE, HARDWARE GETS A RAW DEAL
Article Abstract:
The Union Budget for 1999-2000 has not imposed any fresh levies on export earnings from software but duties have been increased on hardware. The prices of computers are expected to rise because of the increased duties. The increased duties will make IT products less affordable and help the grey market consolidate itself further. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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