Improving FDI to support growth in manufacturing
CM Bhajan Lal expressed optimism, hoping to secure more investments from the UK as part of Rajasthan's continued efforts to boost economic ties and attract global capital
Out of the 41,653 entities, which responded in the latest census, 37,407 reported foreign direct investment (FDI) and/or overseas direct investment (ODI) in their balance sheets for March 2024
Ten years after FDI in multi-brand retail was allowed, it remains largely inactive. Meanwhile, e-commerce giants like Amazon and Flipkart continue to reshape India's rapidly evolving retail market
India is a major destination for foreign direct investments given its 1.4 billion market, stable policies, demographic dividend, good investment returns and skilled workforce
The state Cabinet has approved investment proposals worth Rs 44,682 crore, achieving 90 per cent of the annual target
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia said the department is also streamlining approval processes for FDI applications
This move reinforces India's commitment to deepening investment partnerships and making it easier for global investors to engage with India
Major source countries were Singapore, Mauritius, the Netherlands, US, Belgium and Japan
Other foreign brands are also re-entering India or making fresh plans to capitalise on the opportunities the country offers
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To get a 10x gain in FDI, we need to solve the deeper issues. The problems in India are reminiscent of those seen in China, on a smaller scale
The data showed that overseas inflows in May rose to $ 5.85 billion and in June to $ 5.41 billion from $ 2.67 billion and $ 3.16 billion, respectively, in the year-ago period
The Centre is currently engaging with various countries to boost FDI inflows, which dropped to $26.5 billion in FY24 from $42 billion in FY23
These projects are expected to attract investment to the tune of around Rs 1.52 trillion with the potential of generating 10 lakh jobs
This move comes in response to several requests from foreign investors seeking to simplify the reporting requirements they currently face when exceeding the 10 per cent threshold
The official said that a clear distinction between the two is necessary to seek foreign investments as online game of skill has huge potential
Maintain detailed records of foreign remittances, including purpose, amount, and beneficiary details
Manufacturing, financial services, communication services, computer services, and electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows
FDI was Rs 6,414.67 crore in 2019-20; Rs 4430.44 crore in 2018-19; Rs 5,835.62 crore in 2017-18; Rs 4,865.85 crore in 2016-17; and Rs 3,312 crore in 2015-16 in the food processing sector