Page 3 - Foreign Direct Investments

Strategic reforms can enhance India's appeal to global investors: GTRI

Strategic reforms are needed to enhance India's appeal to global investors as despite having huge potential, FDI data shows that the country has not fully capitalised on its opportunities, think tank GTRI said on Thursday. Suggesting a four-step plan, the Global Trade Research Initiative (GTRI) said that measures which can help India position itself as a leading choice for foreign investors include reducing cost disadvantages for companies relocating to India, improving the Ease of Doing Business throughout the business lifecycle, and establishing a framework for evaluating investment proposals. India attracted USD 44.4 billion in FDI (foreign direct investment) in FY2024, which is only 1.1 per cent of its GDP. The country lagged significantly behind countries like China (USD 189.1 billion), Brazil (USD 86.1 billion) , Australia (USD 61.6 billion), and Canada (USD 52.6 billion) as noted in the World Development Report 2023, it said. It suggested that India must offer a more ...

Mid-tech FDI for job creation need of the hour: Business Standard panel

Panel stresses the need to keep import tariffs low and stable; says private sector required to create jobs as mentioned in Budget

Angel tax was on investments, such inflows should not be taxed: DPIIT Secy

Removal of the Angel tax for startups was a long pending issue as this levy was on investment coming into the country and such overseas inflows should not be taxed, a top government official said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the decision will help in attracting foreign investments, promoting innovation and further strengthening the startup ecosystem of the country, which is the third largest in the world. "So this was an ease of doing business issue as well as a tax issue. Ultimately, it was a tax not on income but on investments and investments should not get taxed, that is the basic idea," Singh told PTI. Giving a big relief to startups, the government on Tuesday announced removal of angel tax for all classes of investors. Angel tax (income tax at the rate of over 30 per cent) refers to the income tax that the government imposes on funding raised by unlisted companies, or startups, if their valuation ...

Budget 2024: Well-defined, well-responsible Budget, says Usispf Ceo Aghi

Describing the maiden budget of Modi 3.0 as a very well defined and responsible budget, the head of a India-centric American business and strategic advocacy group on Tuesday said that it would help in attracting more foreign direct investment and propel India's growth story. I think (it is) a very well-defined budget, a very well-responsible budget. We compliment the prime minister and the finance minister for delivering their budget, Mukesh Aghi, president and CEO of US India Strategic and Partnership Forum (USISPF) told PTI in an interview. When you look at the preliminary analysis of the budget, one thing is the budget is focused on job creation, is focused on skilling and is focused on attracting FDI into the country, he said responding to a question on the annual budget presented by Finance Minister Nirmala Sitharaman in the Parliament on Tuesday. When you look at incentives for the first-time workers, guaranteed one month's salary, that's an important part. The budget is focus

FDI, R&D, manufacturing key to achieve $5 bn defence export: Study

The survey, conducted across 15 cities in India, saw participation from over 130 national and international arms, ammunition, and security equipment manufacturers, exporters, and startups

India's FDI equity inflow at five-year low of $44 billion in FY24

High interest rates in advanced economies, limited absorptive capacity locally likely reasons

New govt may liberalise FDI norms for more sectors, says DPIIT Secy

Says industry should prepare itself for a low tariff regime in the long run

Rupee to track Asian peers; bonds eye moves in US yields, foreign flows

The rupee closed marginally higher at 83.4225 on Friday. It logged a slight weekly loss compared to most Asian currencies, which rose week-on-week

CII-IGBC expects surge in private capex, FDI after Lok Sabha polls

It says top priority for new govt should be to strike balance between economic growth and environmental sustainability

Nearly 46 FDI proposals pending: DPIIT writes to 17 govt departments

Of these 46 proposals, 27 have also received comments from the Ministry of Home Affairs regarding security clearance

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

The 'stable' run for the rupee to continue

Reserve Bank of India will have to continue to monitor the movements and be nimble to spot volatility in both directions and intervene selectively to reduce excess noise

Statsguru: Foreign direct investments decline from pandemic highs

However, this is in line with a global investment slowdown. Developing countries have been most affected, according to international data

India's outward FDI rises to $3.47 billion in February, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

India, EFTA trade deal to help boost trade, investments: Industry bodies

The free trade agreement between India and the four European nation bloc EFTA will help boost trade and investments in the country in sectors such as engineering, pharma, food processing, and apparel, says the industry. India on Sunday signed a Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) under which New Delhi received a USD 100 billion investment commitment from these four European countries. The investment commitment by the companies of the grouping - Switzerland, Norway, Iceland and Liechtenstein - would be executed over a period of 15 years and facilitate creation of one million direct jobs in India. Industrialist and Tirupur Exporters Association President A Sakthivel said that the pact would help promote two-way commerce and help Indian apparel exporters increase their shipments. "The investment commitment will boost domestic manufacturing," Sakthivel said. Industry body CII President R Dinesh said that the "unique" pledge b

Global index inclusion inflows help Indian Rupee buck EM currency losses

India's currency is likely to appreciate to 81 per dollar by end-December from around 82.9 on Tuesday, according to Credit Agricole SA and TD Securities

India amends policy, allows 100% FDI in manufacture of satellite components

74% FDI has been permitted for satellite manufacturing and operation, satellite data products, and ground segments and user segments

Net FDI into India down 55% to $9.69 billion in Apr-Dec 2023: RBI Bulletin

Receding inflation, dip in borrowing costs may support FDI in 2024

UP received four times more FDI in 2019-23 than in 2000-17, says CM Yogi

Chief Minister Yogi Adityanath inaugurated the 'UP: An Emerging Destination for Foreign Investment in India" conference on Tuesday

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