Just as India Announces New Measures to Liberalize Retail and Aviation, the Canada-India Business Council Hosts Leaders of Indian Policy Reform

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/18/12 -- Last Friday, the Indian government passed a series of reforms to re-establish its economic liberalization agenda and attract new sources of foreign direct investment (FDI).

These include: opening India's multi-brand retail sector to FDI, and increasing equity caps in civil aviation, broadcasting, and power trading exchanges.

After a long wait, foreigners will now be allowed to own 51% of supermarket and department store chains.

Foreign airlines can now buy a 49% stake in Indian private airlines. FDI in all broadcast-carriage services has been raised to 74%, up from 49% previously.

Coinciding with these announcements, the Canada India Business Council (C-IBC) is pleased to be hosting both:

Talk & Lunch on September 18, 2012

Talk & Lunch on September 20, 2012

"These announcements are very good news at a crucial moment for India," says Rana Sarkar, President & CEO of the Canada-India Business Council.

"It sends a long awaited signal to global markets that India is ready to kick-start reform processes, and the arrival of both Mr. Chaudhuri and Mr. Khan serves to further underscores India's outreach efforts."



Contacts:
For additional information on either event or to arrange
an interview with Rana Sarkar, President & CEO of C-IBC,
please contact: Canada-India Business Council
Emily Hamilton at 416-214-5947 x 26
416-214-9081 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 18.09.2012 - 14:29 Uhr
Sprache: Deutsch
News-ID 184449
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