The jury is divided on whether this move has led to the expected inflow of investments
Economic Survey 2025: India's foreign direct investment between April 2000 and September 2024 surpassed the $1 trillion mark
Addressing the Republic Day function at the Shivaji Park in Mumbai, the governor also said Maharashtra stands first in the country in attracting the Foreign Direct Investment (FDI)
This was shared in the latest report released by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Union government in December last year
The state cabinet meeting chaired by Chief Minister Yogi Adityanath in Prayagraj also approved an FDI policy among 10 key proposals aimed at accelerating the state's development
Gross inward FDI during April-November 2024 increased to $55.6 billion from $47.2 billion a year ago, according to the Reserve Bank of India's data (January 2025 bulletin)
Citing the agreement with the four-European nation bloc EFTA, he said that for the first time in the history of FTAs, India has received a commitment of USD 100 billion FDI
The industry associations and legal players have been asked to submit their responses in the next two to three days on how to ease the norms
He said that global investors are showing keen interest in India as the country offers several advantages such as strong domestic market, skilled and talented workforce and rule of law
In a post on X, the chief minister said the state received Rs 1,13,236 crore in foreign direct investment (FDI) in the first two quarters of the financial year
India has set the target to reach $100 billion in textile exports by 2030
In the January-September period this year, FDI into the country rose by about 42 per cent to $ 42.13 billion
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India's cumulative FDI inflows have crossed $1 trillion since 2000, with Mauritius leading the pack, followed by Singapore, highlighting the country's growing appeal as a global investment hub
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Guarantees for overseas units nosedived to $568.9 million in November 2024, compared with $2.78 billion a year ago and $1.35 billion in October 2024, RBI data showed
Gross foreign direct investment, which includes equity capital of unincorporated bodies, reinvest earnings and other capital, saw 29 per cent rise at $42.3 billion during April-September
Finance ministry has proposed to amend various provisions of the Insurance Act, of 1938, including raising FDI in the insurance sector to 100 per cent, reduction in paid-up capital
Ireland invested $ 83.84 million, Singapore $ 48.45 million, Mauritius $ 41.65 million and the United States $ 38.60 million