Page 12 - Fdi

Rs 50,000 cr FDI in food processing sector in last 9 years: PM Modi

Prime Minister Narendra Modi on Friday said India's food processing sector has emerged as a "sunrise" industry and has attracted Rs 50,000 crore in foreign direct investment (FDI) in the past nine years. Modi was addressing the second edition of World Food India at Bharat Mandapam in the national capital. The three-day event will conclude on November 5. "In the last nine years, FDI worth Rs 50,000 crore has come into the food processing sector. It is a result of the government's pro-industry and pro-farmer policies," Modi said. He said export of processed food has increased 150 per cent in the last nine years and the domestic processing capacity has increased significantly. The prime minister disbursed seed capital assistance to over one lakh Self Help Groups (SHGs) and inaugurated a 'food street' as part of 'World Food India 2023'. The event aims to showcase India as food basket of the world' and celebrate 2023 as International Year of Millets. The first edition was held in 2017,

India becoming favoured destination for FDI in infrastructure sector: Govt

Financial Services Secretary Vivek Joshi has said that India is becoming a favoured destination for Foreign Direct Investment (FDI) in the infrastructure sector as government has taken many supportive measures. Speaking at an event organised by the India Infrastructure Finance Company Ltd (IIFCL) in London, Joshi said flagship initiatives like the National Infrastructure Pipeline, Gati Shakti, Sagarmala, Bharatmala, UDAN and Maritime India Vision 2030, among others, have created a lot of opportunities in the infrastructure sector. The event, organised by IIFCL on October 30, saw participation of investors and other stakeholders from India and the UK. They also discussed potential avenues of investment in India's rapidly growing infrastructure sector. IIFCL Managing Director P R Jaishankar said the company is driving the government' goals for a robust all-round infrastructure development in the country covering all sub-sectors, including road, railways, energy (including renewable ..

Net FDI in India down to $3 billion in April-August, shows RBI data

Global deals involving mergers and acquisitions are languishing at a 10-year low as high interest rates chill activity in equity markets

Govt may liberalise FDI norms for space sector: DPIIT secy Rajesh Kumar

The government may liberalise foreign direct investment norms for the country's Space sector, as it eyes further improvement in ease of doing business, a top official said on Friday. Presently, Foreign Direct Investment (FDI) in the Space sector is allowed up to 100 per cent in the area of Satellites-Establishment and Operations through government route only. While addressing a road-show event for the Vibrant Gujarat Summit to be held on January 10-12, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said, the government may liberalise FDI norms for the country's Space sector. Speaking on the government's policies, he said, FDI liberalisation has substantially been achieved in India except for a few strategic sectors. "We've tried to maintain an almost Open Sky policy for almost all sectors of the economy. Though that liberalisation will continue and we may expand it further to even some of our sectors like Space as well. The .

OECD urges India to pare govt ownership in banks, insurance companies

OECD advised the government to further increase the share of renewable energy by facilitating long-term investment in clean energy development projects

Equity FDI into India declines sharply to $5.7 bn in April-July period

The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation

Challenges galore for Foxconn's ambitious expansion plans in India

Firm expects the electronic manufacturing services market to boom

India's outward FDI down 33.3% in August on grim global prospects

After declining for two months, outward FDI had increased sequentially to $1.8 billion in July 2023 compared to $1.07 billion in June, marking a rise of 73 per cent

India's outward FDI falls 33% sequentially to $1.2 bn in Aug: RBI data

Debt commitment rises to $269.3 mn in August from $607.5 mn in July

Cabinet approves foreign investment of up to Rs 9,589 cr in pharma company

The FDI has been approved by way of the transfer of shares from existing shareholders and public shareholders through a mandatory Open Offer

Cabinet approves Rs 9,589 cr FDI in Suven Pharma by Cyprus bases firm

The government on Wednesday approved a foreign investment of up to Rs 9,589 crore in Suven Pharmaceuticals by Cyprus-based Berhyanda Ltd. The approval is for acquisition of up to 76.1 per cent shares of Suven Pharmaceuticals by Berhyanda by way of transfer of shares from existing promoter shareholders and public shareholders through mandatory open offer, an official release said after the meeting of Cabinet Committee on Economic Affairs. The aggregate foreign investment may increase to up to 90.1 per cent in Suven, the release said. The proposal has been evaluated by Sebi, RBI, CCI and other relevant agencies. The release further said the approval has been granted after examination of the proposal by departments concerned, RBI and Sebi and is subject to the fulfilment of all rules and regulations as applicable in this regard. Total foreign direct investment (FDI) in the pharmaceutical sector has been Rs 43,713 crore during last five years (from 2018-19 to 2022-23). The sector has

Looking at further easing FDI norms in space sector: DPIIT secretary

The government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players, a top official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. "There is tremendous scope for collaboration... such as in artificial intelligence, robotics, cyber security, automation and space, where we are looking to further liberalise our foreign direct investment norms to bring in private sector and foreign investment in our space sector," Singh said at the India-Saudi Arabia investment forum meet here. Presently FDI in space sector is allowed up to 100 per cent in the area of satellites establishment and operations through government route only. He added that several Saudi Arabian companies have ...

Top headlines: Pharma likely to take 5-6% price hikes, FDI outflow soars

Business Standard brings the top headlines at this hour

India's FDI outflow rises 73% to $1.85 billion in July over June: RBI data

The debt commitment rose to $ 605 million in July 2023 from $ 255 million in June

Maharashtra tops in attracting FDI in 1st quarter of current FY: Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis has said the state secured the top rank in attracting Foreign Direct Investment worth Rs 36,634 crore which is more than the sum of investment received by Delhi, Karnataka and Telangana in the first quarter of FY 2023-24. Fadnavis also said he and Chief Minister Eknath Shinde had delivered on the promise made when their government took over in June last year of making Maharashtra the number one state of the country. Maharashtra which was ranked first in attracting FDI of Rs 1,18,422 crore in the FY 2022-23, also ranks first in the 1st quarter of FY 2023-24. As per the figures released by DPIIT, an FDI investment of Rs 36,634 crore has come in Maharashtra," he said on Monday in a post on X. Maharashtra's FDI is more than the cumulative sum of FDI in Delhi, Karnataka and Telangana which rank second, third and fourth, respectively, he said. Under the leadership of CM Eknath Shinde, our state is moving ahead at a fast pace and ...

Maharashtra tops in attracting FDI in first quarter of current FY: Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis on Monday said the state secured the top rank in attracting Foreign Direct Investment worth Rs 36,634 crore which is more than the sum of the investment received by Delhi, Karnataka and Telangana in the first quarter of FY 2023-24. Maharashtra which was ranked first in attracting FDI of Rs 1,18,422 crore in the FY 2022-23, also ranks first in the 1st quarter of FY 2023-24. As per the figures released by DPIIT, an FDI investment of Rs 36,634 crore has come in Maharashtra," he said on X, formerly Twitter. Maharashtra's FDI is more than the cumulative sum of FDI in Delhi, Karnataka and Telangana which rank second, third, and fourth, respectively, he said. Under the leadership of CM Eknath Shinde, our state is moving ahead at a fast pace and Maharashtra has become the favourite destination for investors, Fadnavis added. Fadnavis said he and Chief Minister Eknath Shinde had delivered on the promise made when their government took over

FDI equity flows into India declined 34% to $10.94 bn in April-June 2023

Inflows dipped in segments including computer hardware and software, trading, automobile and pharma

India has moved from red tape to red carpet in last 9 yrs: PM Modi at G20

Prime Minister Narendra Modi on Thursday said India has moved from "red tape" to "red carpet" and has enabled unfettered Foreign Direct Investment (FDI) inflows in the last nine years

Trillion-dollar economy target: Policy in the works to boost FDI in UP

The state now plans to organise a groundbreaking ceremony to kick-start the first tranche of projects from GIS 2023, which will include a range of FDI projects

FDI moderates to $ 12.2 billion in Apr-May 2023: RBI monthly bulletin

Gross FDI had moderated from $ 84.8 billion in Fy22 to $ 71.4 billion in Fy23