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should foreign parties in JV with Indian Co. be allowed stake of 49 % up from 26%

Created by : Nikhil , Senior Manager, Insurance  | 03 30 2010 14:32:25 +0000
Industry : InsuranceFunctional Area : M&A(Corporate Finance)
Keywords : insurance jv
Activity:  43 views;  last activity : 07 06 2010 20:18:09 +0000

Presently the foreign parties n pvt insuracne can hold only 26% stake , the same shoudl be raised to 49% , as this will benefit the economy 

  
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A higher foreign direct investment (FDI) will unshackle the insurance industry and drive growth and long-term development, enrich the business by bringing world-class business practices and processes, expand distribution capabilities and deepen market penetration.

Over Rs 10,000 crore of foreign capital could flow into the country if the Government were to pass the Insurance Amendment Bill that raises the FDI limit.
By Nikhil , Senior Manager, Insurance  | 03 30 2010 14:32:25 +0000
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