Page 16 - Latest Updates on FDI
FDI inflow in R&D sector grows six-fold YoY to Rs 344 million in 2021
Karnataka attracted the most FDI in this space, followed by Telangana and Haryana. Flows into Karnataka were up more than 250% YoY
 "FDI inflow in R&D sector grows six-fold YoY to Rs 344 million in 2021")
Japan accounted for more than a tenth of India's FDI under Abe's tenure
During Abe's tenure, Japan had announced support for a number of major projects
 "Japan accounted for more than a tenth of India's FDI under Abe's tenure")
India approved FDIs from 80 Chinese entities till June 29: Report
Out of 382 FDI proposals the central government received from Chinese firms, India approved 80 till June 29
 "India approved FDIs from 80 Chinese entities till June 29: Report")
Good time to invest in debt funds as portfolio yields rise, say experts
Opt for a mix of shorter-duration, target maturity, and dynamic bond funds
 "Good time to invest in debt funds as portfolio yields rise, say experts")
Well begun, but US recession fears to hit Indian firms' foreign M&As
Bankers bullish on local acquisitions by India Inc in rest of FY23
 "Well begun, but US recession fears to hit Indian firms' foreign M&As")
US state guvs and LGs vouch for strong ties with India; pitches for FDI
A bipartisan group of American state governors and top officials have vouched for strong bilateral ties with India and pitched for investment from the Indian corporate sector
 "US state guvs and LGs vouch for strong ties with India; pitches for FDI")
India's FDI rank rises to 7th position despite falling inflows: UNCTAD
Upmove despite investments falling to $45 bn in '21 from $64 bn a year earlier: UN
 "India's FDI rank rises to 7th position despite falling inflows: UNCTAD")
Karnataka expects to receive FDI worth Rs 75,000 crore: Education Minister
Karnataka is expecting a Foreign Direct Investment worth Rs 75,000 crores in sectors like biotech and start-ups, the state's Education Minister Dr Ashwath Narayana has said.
 "Karnataka expects to receive FDI worth Rs 75,000 crore: Education Minister")
DCO, WEF launch new initiative to boost digital FDI flows globally
The Digital Cooperation Organization (DCO) and the World Economic Forum (WEF) on Tuesday announced a new initiative to boost flows of digital foreign direct investments globally.
 "DCO, WEF launch new initiative to boost digital FDI flows globally")
LIVE: Apple looks to boost production outside China, says report
India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, Wall Street Journal reported
 "LIVE: Apple looks to boost production outside China, says report")
Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak
Curbs on investment by Chinese investors a major roadblock
 "Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak")
Outward FDI nearly halves to $3.39 billion in April, says RBI data
On sequential basis too, the outward investment from India in April was lower compared to USD 3.44 billion in March 2022
Disclosure norms on investments from neighbour nations tightened
This is alignment with the tweaked FDI policy of 2020 under the approval route to curb hostile takeovers
 "Disclosure norms on investments from neighbour nations tightened")
Govt amends FEMA rules to allow 20% foreign direct investment in LIC
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
FDI likely to touch $100 billion in 2022-23: Industry chamber PHDCCI
India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said
 "FDI likely to touch $100 billion in 2022-23: Industry chamber PHDCCI")
India conducive for FDI, is a critical market for us: CPP Investments CEO
The pension fund has invested in Byju's, Flipkart, ReNew Power and a number of InvITs. It invested C$128 million in NSE in FY21 and is currently exploring options in pharma and healthcare
 "India conducive for FDI, is a critical market for us: CPP Investments CEO")
Irdai may go for 100% FDI in 'new' insurance biz to expand scope of sector
In Budget FY21, Finance Minister Nirmala Sitharaman had announced raising the cap of FDI to 74 per cent for insurance companies with effect from August 2021
 "Irdai may go for 100% FDI in 'new' insurance biz to expand scope of sector")
Chennai declared world's cheapest FDI location for electronics R&D
Chennai emerged as the cheapest location in top 100 electronics FDI destinations, with estimated annual operating costs of $1.24 mn for a 50-person R&D centre
 "Chennai declared world's cheapest FDI location for electronics R&D")
Testing the tenacity of multinationals
Exiting from India is mostly part of the global strategy of the marquee firms to put their energies into more lucrative projects and deal with easier markets
India continues to remain highest receiver of FDI: FM Nirmala Sitharaman
India continues to remain the highest receiver of the FDI, finance minister Nirmala Sitaraman told Lok Sabha on Monday while replying to a question by Congress member Shashi Tharoor
 "India continues to remain highest receiver of FDI: FM Nirmala Sitharaman")