Page 16 - Fdi

UAE emerges 4th-largest investor in India, FDI jumps over 3x in FY23

The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data. In the last fiscal, foreign direct investment (FDI) from the UAE to India jumped over three-fold to USD 3.35 billion from USD 1.03 billion in 2021-22, the data of the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The UAE was the fourth largest investor in India in 2022-23 compared to the seventh in 2021-22. Singapore was the largest investor in India with USD 17.2 billion investment in FY23, followed by Mauritius (USD 6.1 billion) and the US (USD 6 billion). "The rapidly strengthening of bilateral ties and investment cooperation between India and United Arab Emirates (UAE) can be chiefly attributed to the strong bilateral relations between India and UAE, growth in investment commitments from UAE, and the policy reforms to further ease of doing ..

Fall in equity flows, flat reinvested earnings pull down gross FY23 FDI

If the global economy slows down and interest rates harden further, it may hit foreign investments again

40-50 FDI proposals from neighbouring countries pending for approval

About 40-50 foreign direct investment (FDI)proposals from countries sharing land border with India under the provisions of Press Note 3 are pending for approval with the government, official sources said. Under Press Note 3, the government has made its prior approval mandatory for foreign investments from countries that share land border with India. These countries are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan. As per that decision, FDI proposals from these countries need government approval for investments in India in any sector. "About 40-50 proposals are pending with the commerce and industry ministry as they require security and political clearances," one of the sources said. Sources added that there is no consideration at present to ease norms under this press note. "FDI is not totally banned from these countries. It is just that they (investors from these countries) have to follow the government approval route and of course that takes times," a sour

Inefficient taxation

Angel tax will affect the flow of FDI

FDI equity inflow contracts 22% to $46 billion in FY23: Govt data

The trading sector amassed $4.79 billion in FDI but contracted YoY

FDI equity inflows dip 22% to $46 billion in 2022-23, shows DPIIT data

Foreign direct investment (FDI) into India declined by 22 per cent to USD 46 billion in 2022-23, dragged by lower inflows in computer hardware and software, and automobile industry, according to the Department for Promotion of Industry and Internal Trade (DPIIT) data. The FDI inflows stood at USD 58.77 billion during 2021-22. Total FDI inflows, which include equity inflows, re-invested earnings and other capital, declined by 16 per cent to USD 70.97 billion in the last fiscal as against USD 84.83 billion in 2021-22. During April-March 2022-23, Singapore emerged as the top investor with USD 17.2 billion FDI. It was followed by Mauritius (USD 6.13 billion), the US (USD 6 billion), the UAE (USD 3.35 billion), the Netherlands (USD 2.5 billion), Japan (USD 1.8 billion), UK (USD 1.73 billion), Cyprus (USD 1.27 billion), Cayman island (USD 772 million), and Germany (USD 547 million), the data showed. The FDI inflows have contracted in 2022-23 from Mauritius, the US, the Netherlands, the

India emerges as key source country for FDI into Dubai, says report

India has emerged as a key source country for Foreign Direct Investment (FDI) in Dubai, one of the wealthiest of the seven emirates in the United Arab Emirates, according to a report released on Monday. It ranked among the top five source countries for announced FDI projects and estimated FDI capital, according to a report released by "fDi Markets', a service from UK's Financial Times Ltd. With 77.5 per cent of greenfield projects, the top sectors by FDI projects from India into Dubai in 2022 were software & IT services (32 per cent), business services (19 per cent), consumer products (9 per cent), real estate (6 per cent), and financial services (5 per cent). Meanwhile, the top sectors by FDI capital from India into Dubai in 2022 were consumer products (28 per cent), software & IT services (20 per cent), communications (19 per cent), pharmaceuticals (8 per cent), and business services (8 per cent). Apart from maintaining its first rank as a destination city for FDI from ...

Direct impact

The decline in FDI must be addressed

Global uncertainty casts shadow on India's FDI inflows in FY24: Experts

Country's strength to attract global investments remains intact, they say

Brought in Rs 28,000 cr FDI to India, says Byju Raveendran on ED raid

A day after ED conducted searches, seizure action at premises of Byju's, the founder and CEO Raveendran said that the company has taken all efforts to comply with all applicable foreign exchange laws

Roller-coaster ride: How Apple's India strategy finally bore fruit

Behind the inauguration of two signature stores next week is a roller-coaster ride for the IT major in its effort to make India its alternative manufacturing and export hub

India's foreign direct investment flows to see modest pick-up in FY24: Citi

Net FDI flows in the first ten months of fiscal 2023 stood at $26.5 billion, a decline of 14.3% year-on-year

FDI inflow in Chinese mainland up 6.1% in first two months of 2023

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.1 per cent year on year to 268.44 billion yuan in the first two months of 2023

Bar Council permits foreign law firms to practice in select fields in India

BCI said that the entry of foreign firms will be restricted, well-controlled and regulated to ensure that it is mutually beneficial to Indian as well as foreign lawyers

TMS Ep383: G20, FDI in India, mutual funds, Hindu rate of growth

What has the G20 achieved so far in 2023? What is hurting India's FDI story? What's behind MFs' optimism in Indian equities? What is the 'Hindu rate of growth'? All answers here

From Ukraine war to inflation, global headwinds take a toll on FDI inflows

According to the official, as far as 2022 is concerned, there has been a 4 per cent increase in FDI inflows

Top headlines: FDI equity inflow contracts, no increment for Flipkart execs

Business Standard brings you the top headlines at this hour

FDI equity inflow contracts 15% to $36.7 billion in Apr-Dec: Govt data

Computer software and hardware manufacturing were the highest recipient of FDI at $8.07 billion

FDI equity inflows decline by 15% to $36.75 bn in Apr-Dec FY23: DPIIT data

Foreign direct investment (FDI) into India declined by 15 per cent to USD 36.75 billion during the April-December this fiscal, according to the latest Department for Promotion of Industry and Internal Trade data. The FDI inflows stood at USD 43.17 billion during the corresponding period of the previous year. The total FDI inflows, which includes equity inflows, re-invested earnings and other capital, declined to USD 55.27 billion during the nine months of the current fiscal year as against USD 60.4 billion in the year-ago period. During April-December 2022-23, Singapore emerged as the top investor with USD 13 billion FDI. It was followed by Mauritius (USD 4.7 billion), the US (about USD 5 billion), the UAE (USD 3.1 billion), the Netherlands (USD 2.15 billion), Japan (USD 1.4 billion), and Cyprus (USD 1.15 billion), the data showed. The computer software and hardware sector attracted the highest inflows of USD 8 billion during the nine-month period of this fiscal. It was followed

Eco Survey: FDI, IPOs, simplified rules may accelerate M&As in insurance

The Survey points out that the highly competitive sector is already witnessing M&As as insurers have huge opportunities and volume to co-exist in the space