Tata-DoCoMo dispute: Why India is making it tough for global deals2 min read . Updated: 15 Sep 2016, 02:37 PM IST
The Tata-DoCoMo dispute will test Narendra Modi's initiative to boost foreign investment in India
Mumbai: A case being heard in London and New Delhi is testing Prime Minister Narendra Modi’s campaign to boost foreign investment in India. The dispute pits Japan’s biggest mobile phone company, NTT DoCoMo Inc., against Tata Sons Ltd., the holding company of India’s largest industrial conglomerate. The result may signal if Modi’s initiative will affect shareholder rights in India. Foreign direct investment into India climbed 23% to $55 billion in the 12 months through March 2016, buoyed partly by Modi’s steps to ease curbs on inflows.
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