"We have a subject called International Business in our final semester. Under this we had to give a presentation on Kingfisher Airlines regarding its international business environment. The analysis was to be done taking under consideration Social, Legal, Economical, Political, Technological factors. Also called as Slept analysis; its nothing but PEST analysis with a L for legal.
While making the presentation I came about that India allows FDIs in the Airline Industry thorough Automatic Route. I recollected something but was not sure. So after the presentation which was on 15 Feb, and went good, I searched on Automatic Route. I found a very short and perfect route of Automatic Route of FDI investment on RBI's website. Here it is verbatim.
For all non finance people, FDI stands for Foreign Direct Investment. This is nothing but people out of India investing in Indian companies. The automatic route gives a route through which Indian companies can get investment from abroad without any hindrance from RBI."
What is the Automatic Route?
A. Under the Automatic Route, an Indian Party does not require any prior approval from the Reserve Bank for setting up a JV(Joint Venture)/WOS(Wholly Owned Subsidiary) abroad (in case of investment in the financial sector, however, prior approval is required from the concerned regulatory authority both in India and abroad). source
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HAME GARV HAI HINDUSTAN PAR AUR HINDUSTANI HONE PAR
I have taken the oath have you? http://tinyurl.com/oathforindia
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