Page 4 - Foreign Direct Investments

Net FDI into India touches 21-month high at $5.9 billion in October

April-October 23 FDI declines to $10.4 bn

Outward FDI halves Y-o-Y to $1.55 billion in November, shows RBI data

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

Sharp decline in FDI into India from Cayman Islands, Cyprus during H12023

Foreign direct investment (FDI) into India from Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed. Similarly, inflows from Cyprus contracted by over 95 per cent to USD 35 million during the six-month period as against USD 764 million in April-September 2022-23. Experts have attributed the sharp fall in FDI from Cyprus and Cayman Islands to a hightened scrutiny of applications. Anjali Malhotra, Partner Regulatory, Nangia Andersen India said FDI inflows from other tax havens such as Singapore, and the UAE have also lost their sheen along with Cayman Islands and Cyprus during first half of 2023-24. "...the recent decline in investment from Cayman Islands and Cyprus may be attributed to enhanced scrutiny of these ...

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

Discussion underway to ease FDI norms in space sector, says official

An inter-ministerial discussion is going on to further liberalise foreign direct investment norms in the space sector to attract overseas players and private companies, a top government official has said. The official said that there is huge scope for foreign companies to invest in India in this fast growing sector. The proposal to ease foreign direct investment (FDI) norms in the space sector is "under inter-ministerial discussion," the official added. However, the official did not disclose further details. Presently, FDI in the space sector is allowed up to 100 per cent in the area of satellite establishment and operations through government route only. After the touchdown by ISRO's Chandrayaan-3 spacecraft near the moon's South pole, three G-20 countries have expressed interest in possible collaborations or partnerships with India in the space sector. In April, the government approved the Indian Space Policy 2023, that seeks to institutionalise private sector participation in

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

Statsguru: Attracting foreign direct investment will need more effort

Attempts to encourage more companies to manufacture in India for the rest of the world may be bearing some fruit

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

India's outward FDI down 50% in H1 2023 on grim global growth prospects

The sharp contraction in the commitments (outward FDI) was prominent in the April-June 2023 period

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

ED searches: Byju's CEO says brought more FDI to India than any other firm

After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Byju Raveendran wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with all applicable foreign exchange laws. India's most valuable startup, Byju's was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital. "As we are funded by 70+ impact investors who have satisfactorily done due diligence on our operations, including all FEMA (Foreign Exchange Management Act) compliance, we are confident that the authorities will also come to the same conclusion," Raveendran said in the memo sent late on Saturday, which was seen by PTI. ED had on Saturday searched three premises in Bengaluru linked to the company over alleged foreign exchange law violations. Searches at 'Think & Learn Private Limited' (Byju's online learning platform) yielded "various incriminating ...

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

Another China syndrome

Permission for Apple's suppliers raises questions

Gujarat Assembly elections 2022: BJP's prestige battle to defend its turf

Not just as the home state of PM Narendra Modi, but also as a major producing and exporting state known for its trade and enterprise, Gujarat holds a special place for all political parties

Indian higher education may find capital at home rather than in FDI

The data shows that much capital can be tapped domestically through alumni and corporate endowments

India open to investments from everywhere in edu sector: Dharmendra Pradhan

The government is working with a 2030 timeline for the education sector, to augment its quality, capacity and infrastructure, keeping sight of its demographic advantage, Pradhan said

Rs 494 crore FDI received in defence sector since revising policy: Govt

India has received around Rs 494 crore of foreign direct investment in the defence sector since revising the policy relating to it in September 2020, the government said in Lok Sabha on Monday.

Japan accounted for more than a tenth of India's FDI under Abe's tenure

During Abe's tenure, Japan had announced support for a number of major projects