November 24, 2015
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Foreign investment liberalisation expands automatic entry and relaxed conditions, inviting larger joint infrastructure and manufacturing projects.
The address promotes deepening India-Singapore economic partnership via foreign investment liberalisation and regulatory predictability, detailing liberalised FDI caps, automatic approval routes, relaxed entry/exit conditions, PE norm modifications, GAAR deferment and assurance against retrospective taxation. It highlights accelerated clearances, licensing rationalisation, composite sector caps for FPIs, AIF regulations, and capital gains tax rationalisation for REITs, alongside institutional reforms including a bankruptcy code, company law tribunal and GST. Financing and project collaboration measures include a National Investment and Infrastructure Fund, tax-free infrastructure bonds, rupee bonds abroad and targeted infrastructure and manufacturing programs.