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THE
NEW ECONOMY: INDUSTRY
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EVOLUTION
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Market
Realities in 1991
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Foreign partnerships restricted to technical collaborations.
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Majority of the shares of any company had to be owned by Indian
individuals or financial institutions.
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Private companies, whether Indian- or foreign-owned, allowed only
in pre-defined areas.
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1991
51% foreign equity allowed in 34 industries.
NRIs allowed 100% equity in high-priority industries.
PSU disinvestment begins. |
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1992
100% private and foreign equity allowed in power projects.
Restrictions on use of brand names removed.
Telecom opened to private sector.
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1994
Industries reserved for public sector reduced from 17
to six.
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1995
Automatic approval to foreign equity up to 51% in 35 industries.
Companies allowed to keep Euro-issue proceeds as forex deposits in
banks in the country. |
1996
Private
investment in port services permitted.
Restrictions on number of Euro-issues by a company removed. |
| Market
Realities in 2001 |
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# Foreign
investment amounting to around $ 20 billion
(Rs 92,000 crore) flows into the country.
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Most of the joint ventures become foreign-owned companies as the
overseas partner hikes its stake.
# Foreign
brands dominate the consumer goods sector.
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METRO TODAY |
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 Web
Exclusives |
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Who says Indian theatre is dying? Playwrights--both
veteran and budding--in the country had a chance to interact with those
from the Royal Court Theatre, London, at its first residency workshop
in Bangalore recently.
It was a fortnight
of enrichment, concludes Principal Correspondent Stephen David
in Despatches.
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INTERVIEWS
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"I was
very much against the idea of India," says William Dalrymple, author,
The City of Djinns: A Year in Delhi. In conversation with INDIA TODAY's
Sonia Faleiro, he talks about his old girlfriend, Delhi and his
"enormously exciting" next book, The White Moghuls in
Interviews.
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