Page 6 - Fdi

Gujarat received FDI equity inflow of $57.65 billion in last 10 years: Govt

Gujarat received a foreign direct investment (FDI) equity inflow of USD 57.65 billion in 10 years starting April 2014, the state government said on Thursday. 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. Gujarat attracted only USD 9.51 billion in FDI from April 2000 to March 2014. However, from April 2014 to September 2024, the state made a significant leap by getting USD 57.65 billion in FDI equity inflows, the report said. This accounts for 86 per cent of the total FDI equity inflow of USD 67.16 billion into Gujarat over the past 24 years, it said, adding that these figures underscore the state's exceptional performance under the leadership of Prime Minister Narendra Modi and reflect the unwavering confidence of investors in the state. Gujarat Chief Minister Bhupendra Patel has effectively implemented investor-friendly policies and created a business-conducive ...

UP govt approves new aerospace and defence policy, reforms in FDI

The Uttar Pradesh government on Wednesday approved a new Aerospace and Defence Unit policy to attract Rs 50,000 crore of investments and generate jobs for 1 lakh people. 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, an official release said. Among these, the groundbreaking Aerospace and Defence Unit and Employment Promotion Policy 2024 was introduced to position UP as a leader in the sector, the release said. The policy sets an ambitious target of attracting Rs 50,000 crore in investments, with the potential to generate direct employment for 1 lakh youth across the state. The Cabinet meeting was held at the Triveni Complex in Prayagraj amid ongoing Maha Kumbh. The state Cabinet also approved the new FDI Policy to boost setting up of foreign industries in Uttar Pradesh in order to propel industrial and economic growth. "Under this policy, the state ..

Net FDI inflow slowed to $0.5 billion in April-November: RBI data

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)

We are doing FTAs only after extensive stakeholder consultations: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said India is finalising free trade agreements (FTAs) only after extensive consultations with all the concerned stakeholders. He said that unlike in the past, these pacts are now fair, equitable and balanced. "We are not doing FTAs like in the past. Every agreement is after extensive stakeholder consultation," he said at the Thuglak Annual Meet in Chennai. 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 (foreign direct investment) in this pact. The Modi government has implemented these pacts with countries like Australia and the UAE. He also said that India's decision to opt out of RCEP (Regional Comprehensive Partnership Agreement) demonstrates its commitment to safeguarding national interests. "It was not in the interest of MSMEs, and it would have opened a floodgate for Chinese goods into the country

Govt seeks suggestions to boost FDI inflows, may consider policy tweaks

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

FDI in India surging as global investors see top destination: Piyush Goyal

FDI inflows into the country are surging, with investors from the Middle East, Japan, European Union, and the US recognising India's status as a top investment destination, driving rapid economic growth and generating millions of new jobs, Commerce and Industry Minister Piyush Goyal has said. 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. "I can clearly see FDI (foreign direct investment) in India once again growing rapidly and creating millions of jobs. Countries in the Middle East, EFTA region, Japan, and investors from the EU and the US are all realising that India continues to be the most preferred destination for FDI," Goyal told PTI. He added that India's stable and predictable regulatory framework, coupled with a favourable business environment and progressive policies aimed at enhancing ease of doing business, is attracting an increasing

Maharashtra received Rs 1.13 trn FDI in just 6 months in 2024-25: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Friday said that the state received Rs 1.13 lakh crore FDI in just six months in 2024-25, which is almost what it has received annually over the last four years. 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 ending in September 2024. In 2020-21, the state received Rs 1,19,734 crore FDI, followed by Rs 1,14,964 crore in 2021-22, Rs 1,18,422 crore in 2022-23, and Rs 1,25,101 in 2023-24. "This means the state received 94.71 per cent of the FDI in six months as to what it received annually on an average in the last four years," Fadnavis wrote in his post. The chief minister said he, along with Deputy Chief Ministers Eknath Shinde and Ajit Pawar and his cabinet colleagues, would ensure this march continues. The sharing of FDI figures comes after an aggressive state election campaign late last year, where the opposition parties

Cheap imports, declining FDI challenge India's textile export ambitions

India has set the target to reach $100 billion in textile exports by 2030

Healthy FDI inflows to continue in 2025 amid investor-friendly reforms

India, averaging over USD 4.5 billion in monthly foreign direct investment (FDI) inflows since January this year despite global uncertainties and challenges, is tipped to sustain the trend in 2025 on the back of measures by the Prime Minister Narendra Modi-government to enhance the country's investor-friendly appeal. Investor-friendly policies, strong return on investments, skilled manpower, reduced compliance burdens, decriminalising minor industry-related offences, national single window system for streamlined approvals and clearances, and production linked incentive (PLI) schemes are key measures for keeping foreign investors focused on India. Further to ensure that India remains an attractive and investor-friendly destination, the government reviews FDI policy on an ongoing basis and makes changes from time to time after having intensive consultations with stakeholders including apex industry chambers, associations, and representatives of industries. In the January-September ...

India's top economic moments in 2024: Women welfare to foreign inflows

Year ender 2024: India has maintained its position as the fifth-largest economy and continues to be one of the fastest growing economies in the world. Here's how 2024 panned out for the country

India crosses $1 trillion in FDI since 2000; Mauritius tops the list

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

Markets today: Inflation at 5.48%; Nov WPI; Wall St falls; Gemmological IPO

At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start

India must address challenges to unlock its FDI potential: Sanjay Nayar

Says reducing GST on essential goods can stimulate consumption

India's outward FDI halves to $2.28 billion in November, shows RBI data

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

FDI equity flows up 45% at $29.8 billion in H1FY25, shows govt data

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

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said. Some finetuning may be required in the draft Bill after receiving comments from stakeholders, sources said. Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The finance ministry has proposed to amend various provisions of the Insurance Act, of 1938, including raising foreign direct investment (FDI) in the insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the FDI limit in Indian insurance companies will be raised from 74 per cent to 100 per cent. This is the second public consultation that the DFS has sought on the proposed amendments to the .

Food processing sector attracts $368.37 mn FDI till Sep FY25: Govt tells LS

The food processing sector received foreign direct investment (FDI) of USD 368.37 million till September of the current fiscal year, Parliament was informed on Thursday. Minister of State for Food Processing Industries Ravneet Singh Bittu in a written reply to the Lok Sabha said, Ireland invested USD 83.84 million, Singapore USD 48.45 million, Mauritius USD 41.65 million, the United States USD 38.60 million, Australia USD 20.18 million, and Mexico USD 9.59 million in April-September FY25. In FY24, FDI in food processing was USD 608.31 million. The sector is being promoted through Pradhan Mantri Kisan Sampada Yojana, Production Linked Incentive Scheme for Food Processing Industry, and Pradhan Mantri Formalization of Micro food processing Enterprises (PMFME) scheme.

FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter

Foreign direct investment in India rose by 45 per cent year-on-year to USD 29.79 billion in April-September this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 20.5 billion in April-September 2023-24. In the July-September quarter, the inflows grew by about 43 per cent year-on-year to USD 13.6 billion against USD 9.52 billion in the same quarter last fiscal. The foreign direct investment in India was up 47.8 per cent to USD 16.17 billion in the April-June quarter. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 28 per cent to USD 42.1 billion during the first half of this fiscal from USD 33.12 billion in April-September 2023-24, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed. During the April-September period this financial year, FDI equity inflows rose from major countries, including Mauritius (USD 5.34 billion against USD 2

FinMin proposes to raise insurance FDI to 100%, composite licence provision

The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the FDI limit in Indian insurance companies will be raised from 74 per cent to 100 per cent. This is the second public consultation that the DFS has sought on the proposed amendments to the Insurance Act 1938, the Life Insurance Corporation Act 1956, and Insurance Regulatory and Development Authority Act, 1999. The finance ministry in December 2022 invited comments on the proposed amendments to the Insurance Act, 1938, and the Insurance Regulatory Development Act, 1999. According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibilit

100% FDI in insurance may attract global firms, boost competition: Experts

Six new players have entered the industry in the last few years, marking the first additions in the life insurance in over a decade and the first in the general and health insurance segments in nearly