Page 2 - Foreign Direct Investment

Expecting FDI to increase to $100 bn per annum in coming years: DPIIT Secy

India is receiving foreign direct investments (FDI) of USD 70-80 billion ever year and is expected to hit USD 100 billion per annum in the coming years, a top government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia said the department is also streamlining approval processes for FDI applications. The government has taken a series of measures to promote investments into the country such as easing the norms in sectors such as defense, railways, insurance, and telecom. "We are targeting much higher investment flows. We have about USD 70 billion to USD 80 billion which is coming in every year. But we are expecting this to increase to at least USD 100 billion a year in the years to come," he told reporters here. Bhatia said FDI in most sectors are permitted through under automatic route, barring few that still remain in the restricted category. The overseas inflows in the last 10 years (2014-24) stood

Why is FDI important for India's economic growth and development process?

To get a 10x gain in FDI, we need to solve the deeper issues. The problems in India are reminiscent of those seen in China, on a smaller scale

Outward FDI increases to $3.2 billion in August 2024, shows RBI data

Equity commitments more than double Y-o-Y to $1.14 bn

Apple scouts new deals to push India value-add, in talks with key players

In talks for fresh collaborations with Flextronics, Jabil, Aequs, Tata firms

Maharashtra leads FDI with Rs 70,795 cr in Q1FY25, Karnataka a distant 2nd

Maharashtra has held the top spot in foreign direct investment (FDI) for the past two years. Karnataka followed at a distant second, with FDI totalling Rs 19,059 crore

FDI inflows jump 47.8% to $16.17 bn in Apr-Jun on healthy services inflow

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 28 per cent to USD 22.49 billion during the first quarter of this fiscal from USD 17.56 billion in April-June 2023-24, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed. During the period, FDI equity inflows rose from major countries, including Mauritius, Singapore, the US, the Netherlands, the UAE, Cayman Islands and ...

Quick commerce's growth disrupting retail, say FMCG distributors

FMCG association writes to govt seeking redressal

Chinese investments will not benefit India

High cost of doing business and geopolitics limit opportunities

Govt looking at revising FDI policy, says commerce secretary Barthwal

Currently, the share of FDI equity inflows is a mere 0.01 per cent of the total inflows

FDI in manufacturing rises 69% to $165 bn during 2014-24: Jitin Prasada

Foreign direct investment inflows in the manufacturing sector during 2014-24 rose by 69 per cent to USD 165.1 billion, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said that India is rapidly emerging as a preferred country for foreign investment in the manufacturing sector " FDI equity inflow in the manufacturing sectors in the last ten financial years (2014-24) has increased by 69 per cent to USD 165.1 billion as compared to USD 97.7 billion in the previous ten financial years (2004-14)," he said. He also said that the total FDI inflow of USD 383.50 billion has been reported in the country during the past five financial years (2019-20 to 2023-24). Replying to a separate question, he said that the initiatives taken by the Government have led to a decline in dependency on imports in several sectors including mobiles. The import of mobile phones has decreased from Rs 48,609 crore in 2014-15 to Rs

OEMs, electronic component companies seek greater govt support

Demand combination of upfront capex backing and PLI

Foreign airlines, realty firms flock to India: 59 new registrations in FY24

Education, IT and consulting, electronics among sectors attracting overseas entities

India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%

FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report

Outward foreign direct investment by Indian companies stabilises in FY24

In terms of commitments for equity, the amounts continued a downward trajectory to $8.15 billion in FY24 from $8.62 billion in FY23 and $13.39 billion in FY22

Rs 6,800 cr disbursed to beneficiaries of PLI scheme in FY24: DPIIT Secy

Singh says that PLI schemes on textiles, bulk drugs, food products and solar PV modules are likely to be tweaked

New electric vehicle scheme links lower import duty with FDI

EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less

Statsguru: Falling foreign ownership in booming Indian stock market

Foreign investors invested more money in riskier midcap and smallcap stocks even as their overall stake came down

Maharashtra to be $1 trillion economy by 2027-28, says Governor Bais

Maharashtra Government has set an ambitious target of becoming a one trillion dollar economy by 2027-28, Governor Ramesh Bais informed the state legislature on Tuesday. This target is in line with the country's goal of becoming a five trillion dollar economy, Bais said, addressing the legislators at the start of the day-long special session of the legislature on Maratha quota at Vidhan Bhavan in south Mumbai. In this year, 75 projects with Rs. 61,576 crore investment have been approved under the Package Scheme of Incentives, which will generate more than 53,000 employment opportunities in the state, he said. Maharashtra is the highest in attracting foreign direct investment in the country. There has been foreign direct investment of Rs. 65,500 crore in the state. This investment is 38.78 per cent of the country's total foreign direct investment, he said. In January 2024, the state government signed MoUs of more than Rs 3.53 lakh crore at the World Economic Forum held in Davos. This

India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw

Foreign investors have bet big on India since Modi came to power in 2014, with the likes of Apple, Samsung, Kia, and Airbus expanding operations

India Inc eyes growth in 2024, plans to boost hiring, investments

Higher corporate earnings, consumer spending, FDI to drive up markets