Conference: Presentations on “Cross-border investments between Luxembourg & India – a multi-dimensional perspective” take place this Wednesday during an Indian chamber event.
The Indian Business Chamber of Luxembourg and Luxembourg Chamber of Commerce will shed light on new regulations that will impact cross-border investments between the two countries during a conference this week.
Foreign direct investment “flows from Luxembourg to India since 2000 are about US$320 million, making it the 26th most important investor in India,” India’s external affairs ministry said in a February 2013 report.
“The sectors that attracted maximum investments from Luxembourg include trading, computer software and hardware, services sector, agricultural machinery and chemicals. Indian direct investment in joint ventures and wholly owned subsidiaries in Luxembourg amounted to US$18.25 million from April 1996 to February 2006,” the ministry said.
Earlier this year, India’s government announced that “foreign direct investment limits have been raised across several key sectors” including insurance and telecoms, and that foreign shareholding limitations would be increased in sectors such as finance and natural resources, according to a white paper published by law firm DLA Piper.
Media reports have suggested that further liberalisation of investment rules will be announced next year.
Speakers at Wednesday’s event in Kirchberg include Luxembourg chamber chief Pierre Gramegna, Stephane Pellet of law firm Etude Felten & Associes, Saionton Basu of law firm Penningtons Manches and Charles Brooks of legal network Multilaw.
A networking cocktail will follow the presentations.
The conference takes place Wednesday December 4 beginning at 6 p.m. at the Chamber of Commerce in Luxembourg-Kirchberg.