Page 4 - Foreign Direct Investments

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

LIVE: Bihar's ex-CM Karpoori Thakur to be awarded Bharat Ratna posthumously

From flight delays due to fog to devotees reaching Ram temple in Ayodhya, catch all the latest updates from around the world here

Consensus on WTO dispute settlement body reforms 'low' in next meet: GTRI

WTO member countries are unlikely to reach a consensus next month on reforming the dispute settlement system of the global trade body as there are wide differences over the issue between developed and developing countries, a GTRI report said on Sunday. The trade minister of the 164-member World Trade Organisation (WTO) will gather in Abu Dhabi in February for the 13th ministerial conference (MC) to resolve different issues such as reforms in dispute settlement mechanisms, agriculture-related matters and a moratorium on customs duties on e-commerce trade. "Reaching a consensus on reform of the dispute settlement system is complex, with developed and developing countries holding different priorities and concerns," economic think tank Global Trade Research Initiative (GTRI) said. It said that balancing India's demands for an appellate body, S&DT (special and differential treatment) provisions, and fairness while addressing other members' concerns, including transparency and legal ...

Africa's biggest insurer Sanlam banks on India as its home market reels

India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year

Maharashtra now preferred destination for overseas investments: CM Shinde

Maharashtra has become a preferred destination for investments from various countries, reflecting the state's conducive business environment, Chief Minister Eknath Shinde has said. Welcoming the New Year by participating in a midnight blood donation camp here, Shinde also spoke about the growing impact of the Swachh Bharat Mission initiated by Prime Minister Narendra Modi and the positive impact of a deep cleaning drive taken up in Mumbai and its extension across the state. The CM highlighted the successful implementation of 85 per cent of the Memorandums of Understanding (MoUs) signed during the Davos meet (in 2023). "Maharashtra has become a preferred destination for investments from various countries," he said. Underlining the commitment to people's welfare, Shinde said the Chief Minister's Relief Fund has provided assistance of over Rs 165 crore to more than 20,000 individuals since his government assumed office, a significant increase from the earlier disbursal of Rs 2 to 3 ..

Gujarat received FDI worth Rs 2.39 trn from Oct 2019 to March 2023

Gujarat has received foreign direct investment worth Rs 2.39 lakh crore or $31 billion between October 2019 and March 2023 and is among the top Indian states in attracting FDI, according to an official release. FDI in Gujarat has increased consistently over the years due to the efforts of the state government and the Vibrant Gujarat Global Summit (VGGS) has played a crucial role in achieving it, the release said. The 10th edition of the biennial VGGS is scheduled to be held in January next year in Gandhinagar. Officials said Gujarat is among the top investment destinations in the country and has received FDI worth Rs 2.39 lakh crore ($31 billion) from October 2019 to March 2023. The state saw a rise of nearly 84 per cent in FDI in 2022-23 compared to the previous year, which was the highest among all the states and Union Territories, as per the website of VGGS. Gujarat accounted for 30 per cent of the total Industrial Entrepreneur Memorandum or IEMs implemented (Rs 1.04 lakh crore

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