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The provisions of DEPB Scheme are mentioned in Para 4.3 and 4.3.1 to 4.3.5 of the Foreign Trade Policy or Exim Policy. One significant change in the new DEPB Scheme is that in terms of Para 4.3.5 of the Exim Policy even excise duty paid in cash on inputs used in the manufacture of export product shall be eligible for brand rate of duty drawback ...
Coca-Cola was India's leading soft drink until 1977 when it left India after a new government ordered the company to dilute its stake in its Indian unit as required by the Foreign Exchange Regulation Act (FERA). In 1993, the company (along with PepsiCo) returned after the introduction of India's Liberalization policy. [10]
As result, India is a net exporter of petroleum products. The export of petroleum products increased from 38.94 Mt in 2008–09 to 56.76 Mt during 2020–21. [28] India has an 82.8% import dependence for crude oil and 45.3% for natural gas. [29]
India started looking toward the group seriously from 1992 with the launch of 'Look East policy' and now it occupies the central position in India's policy Southeast Asia. From 2002 onward India and ASEAN started holding an annual summit at the sidelined of ASEAN summit showing the growing level of engagement between the two sides. [171] [172]
India, China, and the Southeast Asian countries. The Act East policy [1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China.
In September 2014, Modi introduced the Make in India initiative to encourage foreign companies to manufacture products in India, with the goal of turning India into a global manufacturing hub. [24] Supporters of economic liberalisation supported the initiative, while critics argued it would allow foreign corporations to capture a greater share ...
On New Year’s Day, China upped the ante. It added 28 U.S. defense industry companies to its export control list, which restricts the export to these companies of "dual use" materials that have ...
In the post-Cold War era, a significant aspect of India's foreign policy is the Look East Policy. During the cold war, India's relations with its Southeast Asian neighbours were not strong. After the end of the cold war, the government of India particularly realised the importance of redressing this imbalance in India's foreign policy.