Академический Документы
Профессиональный Документы
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Business
Foreign Direct Investment
2. Internalisation Theory
Supply Factors
1. Production Costs
2. Logistics
3. Resource availability
4. Access to technology
Demand Factors
5. Customer access
6. Marketing advantage
7. Exploitation of competitive advantage
8. Customer mobility
Political Factors
9. Avoidance of trade barriers
10. Economic development incentives
3. Bureaucracy
International Business
International Business
FPI
To make capital gains
from investments.
There is no intention
to control the entity.
Durati
on
Form
Comes mainly
through stock
markets.
International Business
International Business
International Business
Forbidden Territories:
FDI is not permitted in following industrial sectors:
1.
2.
3.
4.
5.
i
Global Depository Receipts (GDRs)
A depository receipt is basically a negotiable certificate,
denominated in US dollars, that represents a non-US
companys publicly traded local currency (Indian Rupee) equity
shares. DRs are created when the local currency shares of an
Indian company, for example, are delivered to the depositorys
local custodian bank, against which the depository bank, such
as Bank of New York, issues DRs in US dollars. The
depository Receipts may trade freely in the overseas markets
like any other dollar denominated security, either on a foreign
stock exchange, or in the over-the-counter market, or among a
restricted group such as qualified institutional buyers.
Companys with good track record of three years may avail of
Euro-issues for approved purposes. According to the revised
guidelines issued in November 1995 companies investing in
infrastructure projects, including power, petroleum exploration
and refining, telecommunications, ports, roads and airports are