The long-awaited merger between Air India and Vistara has taken a major step forward with the Indian government’s approval of foreign direct investment (FDI). This paves the way for the creation of one of the world’s largest airline groups, with the merger expected to be finalized in the coming months.
India’s Commerce Minister Piyush Goyal has clarified his earlier statements on e-commerce, emphasizing that he supports the sector and welcomes Foreign Direct Investment (FDI) in it. His initial comments, which expressed concerns about e-commerce’s impact on small retailers, had raised anxieties in the industry. Goyal’s clarification aims to alleviate these concerns and reaffirm the government’s commitment to fostering a balanced e-commerce ecosystem.
India’s Finance Secretary Ajay Seth discusses the country’s plans to develop a climate finance taxonomy, improve its sovereign credit rating, recalibrate the infrastructure financing framework, and simplify overseas investment routes for foreign investors. The interview sheds light on the government’s approach to addressing climate change, bolstering the economy, and attracting foreign investment.
Taiwanese companies are increasingly moving their supply chains from China to India, driven by escalating global trade tensions and a desire to diversify. This shift is fueled by growing economic ties between Taiwan and India, with Taiwan’s foreign direct investment in India seeing a significant surge in recent years. The move is also supported by India’s efforts to boost domestic manufacturing and its interest in attracting investment from Taiwan, a major chip producer.
