The Firm provides a comprehensive range of services necessary for the establishment of business and operation in India by foreign investors and Indian business houses. We also assists in obtaining statutory permissions and sanctions from various regulatory and Government bodies, departments and agencies i.e., Foreign Investment Promotion Board, Reserve Bank of India, Directorate General of Civil Aviation, Secretariat of Industrial Assistance, Ministry of Industry, Company Law Board, Department of Electricity, Ministry of Finance and Department of Telecommunication
In a recent development, the Government of India (“GOI”) has pushed through the move to allow foreign direct investment (“FDI”) in multi-brand retail. This will allow global retail giants like WalMart to set up deep-discount stores in India. However, GOI has allowed state governments to decide whether to allow FDI
FoxMandal (FM) is the legal advisor to US based Vornado Realty Trust, one of the largest owners and managers of real estate in USA with respect to its recent 50:50 joint venture worth approximately USD 500 million with Mukesh Ambani led Reliance Industries to set up real estate development projects including malls and shopping centres.