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Draft Indian Model Bilateral Investment Treaty Text
Start Date :
Mar 23, 2015
Last Date :
Apr 11, 2015
12:00 PM IST (GMT +5.30 Hrs)
The objective of the Indian Model Bilateral Investment Treaty text is to provide appropriate protection to foreign investors in India and Indian investors in the foreign country, ...
The objective of the Indian Model Bilateral Investment Treaty text is to provide appropriate protection to foreign investors in India and Indian investors in the foreign country, in the light of the relevant international precedents and practices, while maintaining a balance between the investor’s rights and the Government obligations. The model text will form the basis for negotiations with other countries.
Comments/suggestions are invited on the draft text.
The last date for submission of your comments is 11th April, 2015, 12:00 noon.
Questions regarding the status of Patent before, during and after investment should be clearly dealt within the report. This is paramount in the present global environment. I presume that this concept of the report has already been cleared by relevant legal department and also by other departments having interest in this treaty.
only those luxurious products( i phone ,lightening products,branded cars etc) should be sold in India which have at least 50% production in India.this will ensure FDI not import.
Import of renewable energy equipment should be appreciated rather then luxurious electronic items
we must ensure 0 duty or minimum duty for imports required by industries being set up using substantial FDI. We must also have a system of refunding the tax deducted, if the profit earned by an enterprise is reinvested in India. Once they want to take the money out they will have to pay tax which should also not be heavy as the bottom line for any industry is profit. So we need to ensure that the enterprise grows at around 15% annually. thus taxes and duties etc need to be kept low.
We must ensure appointment of facilitation officer in the ministry of commerce, who will ensure proactively reaching out to the applicant and ensure speedy facilitation of all licences and clearances. His efficiency and confidential reports be based on how efficiently he has facilitated start up of new enterprises. The entrepreneur is obliging us and not the other way round. Excise and other duty cuts be offered as incentives. Preference in logistics through govt agencies be provided.
This is a well drafted document which shows good babudom. However it will not attract Investment. If we study the economies of Europe, China and USA, it will be evident that return of investment and quantum of investment is inversely proportional to what is the percentage of GDP generated by taxation in that country. If a company has to invest say 1 million dollar it will invest in a country where the taxation is minimal and thus return on investment is highest over a period of time.
we have to make India a developed and skilled India model globally.
our development and skilled India and facilities to public is a Indian model and can make this model globally.
Make In India and Made India is important. Modi ji deals and delegations with many countries. work is going on full speed in all over India.Through this we can develop our country and we can make world class facilities our India through smart city, hi tech education system, good schemes and policies for all fields. modi ji and cabinet already started. We have to develop our India in all fields.
To make it easier for foreigners to Make in India one of the main steps is to make VISA-registration related documentation system more transparent and efficient. A complete networked system such as US system of I-94 form for arrival and departure can be adopted in India along with ETA. The form I-539 can be used for change of visa category or extension, by visiting the nearest visa service centre. This will eliminate the existing cumbersome, opaque and inefficient foreigners registration system.
First bilateral treaty is between the two concerned countries. I think the benefit which we provide to foreign investors in india but natural if not more atleast same benefit indian investors should get in that foreign country. There should not be any discrimination with Indian investors. There should be same labour laws for both type of investors. There should be single window clearance for both investors. There should be same rate of taxations for both investors. There should be equalityin law