Page 11 - Latest Updates on FDI
Ikea looks at investment in India after fulfilling Rs 10,500-cr promise
Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and Noida
 "Ikea looks at investment in India after fulfilling Rs 10,500-cr promise")
Interim Budget: A path of fiscal prudence towards Viksit Bharat by 2047
The government has outlined a vision for Viksit Bharat by 2047, with GDP being given a new connotation of 'Governance, Development and Performance'
 "Interim Budget: A path of fiscal prudence towards Viksit Bharat by 2047")
Space industry seeks liberal FDI policy, PLI scheme in Union Budget
ISpA also demanded a PLI scheme for space-grade components along the lines of a similar scheme for drones
 "Space industry seeks liberal FDI policy, PLI scheme in Union Budget")
Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data
This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital
 "Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data")
Sebi may allow AIFs to 'exclude' investors from certain investments
Proposal will help address concerns about evergreening of loans
 "Sebi may allow AIFs to 'exclude' investors from certain investments")
Reconfiguration of global trade and FDI
Third globalisation has seen slow but profound changes
 "Reconfiguration of global trade and FDI")
India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw
Foreign investors have bet big on India since Modi came to power in 2014, with the likes of Apple, Samsung, Kia, and Airbus expanding operations
 "India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw")
Africa's biggest insurer Sanlam banks on India as its home market reels
India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year
 "Africa's biggest insurer Sanlam banks on India as its home market reels")
Davos 2024: India on cusp of FDI flood, says Bajaj Finserv's Sanjiv Bajaj
'Ten years of this growth we have seen, at least another five years of a strong majority government will end up institutionalising those policies to a fair extent,' Bajaj said in an interview in Davos
 "Davos 2024: India on cusp of FDI flood, says Bajaj Finserv's Sanjiv Bajaj")
Supreme Court to hear stayed ruling on tax residency certificates in March
The Delhi High Court had in January 2023 said that TRC is sufficient for a foreign investor's claim to pay zero or lower tax under treaties between India and foreign jurisdictions
 "Supreme Court to hear stayed ruling on tax residency certificates in March")
India's outward FDI nosedives to $2.25 billion in December: RBI data
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
 "India's outward FDI nosedives to $2.25 billion in December: RBI data")
Outgrowing Apple
India must approach its industrial policy with a lighter and practical, reform-oriented touch instead of trying to deal with individual companies like Apple or Tesla
 "Outgrowing Apple")
Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7
A host of representatives from several multinational companies, over 450 international delegates, and representatives from 50 countries are expected to attend the two-day event
 "Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7")
'Vibrant Gujarat summits helped state get $55 bn FDI in two decades'
The Vibrant Gujarat Global Summit (VGGS) has grown in tandem with the state economy, and since its humble beginning, it proved to be a gateway for foreign investment in state, industry leaders said
PM Modi to inaugurate Vibrant Gujarat Global Summit on January 10
The previous Vibrant Gujarat Summit was held in 2019. Due to the coronavirus outbreak and subsequent lockdown, it could not be organised in the last few years
 "PM Modi to inaugurate Vibrant Gujarat Global Summit on January 10")
Foreign investments into Indian bonds reached six-year high in 2023
The U.S. 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October
 "Foreign investments into Indian bonds reached six-year high in 2023")
Maharashtra now preferred destination for overseas investments: CM Shinde
Maharashtra has become a preferred destination for investments from various countries, reflecting the state's conducive business environment, Chief Minister Eknath Shinde has said
 "Maharashtra now preferred destination for overseas investments: CM Shinde")
Gujarat received FDI worth Rs 2.39 trn from Oct 2019 to March 2023
Gujarat has received foreign direct investment worth Rs 2.39 lakh crore or $31 billion between October 2019 and March 2023 and is among the top Indian states in attracting FDI
 "Gujarat received FDI worth Rs 2.39 trn from Oct 2019 to March 2023")
National e-commerce policy in final stages, may be announced soon: Goyal
In August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy
 "National e-commerce policy in final stages, may be announced soon: Goyal")
India's private space industry seeks bold reforms, clarity on FDI
According to industry estimates, the private space sector in India accounts for about two per cent of the global space economy and is projected to grow to about 10 per cent by 2040
 "India's private space industry seeks bold reforms, clarity on FDI")