Private equity or PE firms are once again actively looking for investments in the logistics sector, which had experienced a drop in the pace of deal activity due to a mismatch in valuations. PE firms were previously looking at deals of at least $50 million, while smaller logistics companies were keen on deals of only up to $20 million. “A good number of PE deals in the sector concluded in the (current) financial year as well as a healthy number of deals in the pipeline are reflective of the strong PE interest in the sector,” said Manish Saigal, executive director and national industry head, transportation and logistics, KPMG India Pvt Ltd. […]

India government Department of Industrial Policy and Promotion has released 'Consolidated FDI Policy– Circular 1 of 2011', that would kick in 100% FDI in development and production of seeds and planting material, floriculture, horticulture, and cultivation of vegetables & mushrooms under controlled conditions. Besides, animal husbandry (including of breeding of dogs), pisciculture, aquaculture under controlled conditions; and services related to agro and allied sectors has also been allowed 100% FDI. […]