Hotline: 1800 102 2007
X
Search Business Opportunities
2011-05-26

Govt allows FDI

The Cabinet Committee on Economic Affairs recently gave its approval to such investments.

The government has announced it would allow foreign direct investment (FDI) in limited liability partnership (LLP) firms in a calibrated manner, a move that would help attract greater overseas funds and latest technologies in the country.

Limited liability partnership firm is a new business structure in India formed under the Limited Liability Partnership Act, 2008. A hybrid of existing partnership firms and full-fledged companies, it is a separate legal entity, liable to the full extent of its assets with the liability of the partners being limited to their agreed contribution in the firm.

The Cabinet Committee on Economic Affairs recently gave its approval to such investments.

However, overseas investments in LLP firms would be allowed with certain conditions. It will be permitted only in the sectors where 100 percent FDI is allowed through automatic route.

LLPs with FDI will not be allowed to operate in agricultural/plantation activity, print media or real estate business, the official statement said. Such firms will not also be allowed to make any downstream investments.

Related opportunities
  • Souvenir Shops
    About Us: Established in Hong Kong, Coko is the brainchild of..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About Us: Makers of Milkshakes thrives on the cravings of the..
    Locations looking for expansion Telangana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • School Tutoring
    About Us: SkillCube is one of the pioneers in India focusing..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 950
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Adventurous Sporting
    About Us : The Sports Gurukul (TSG) is Mumbai’s first of..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts