Page 2 - India Fdi

Gujarat received FDI worth $7.3 bn in 2023-24, jump of 55% from last fiscal

Gujarat has attracted a Foreign Direct Investment (FDI) of USD 7.3 billion in the financial year 2023-24, a jump of 55 per cent over the previous fiscal, the state government said in a release on Friday. With this, Gujarat now occupies the second spot in the country after Maharashtra in terms of the FDI inflow, it said. Citing the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry, the state government said Gujarat has topped the charts in the annual increase in FDI inflow during 2023-24 by recording a jump of USD 2.6 billion. "Registering a 55 per cent increase in the FDI inflow during FY 2023-24 as compared to the inflow during FY 2022-23, Gujarat received a whopping USD 7.3 billion in FY 2023-24 as compared to the USD 4.7 billion received in the FY 2022-23. With the FDI inflow of USD 7.3 billion, Gujarat moved ahead of Karnataka and Delhi to reach the second spot in the country," said the release.

India sees 43% decline in FDI inflows in 2023, drops to 15th spot

In 2022, India's FDI inflows rose by 10% to $49 bn

India receives highest FDI from Singapore in 2023-24, Mauritius follows

India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data. Though FDI from Singapore has dipped by 31.55 per cent to USD 11.77 billion in 2023-24, India has attracted the maximum inflows from that country, the data showed. During the last fiscal, FDI equity inflows decreased from major countries, including Mauritius, Singapore, the US, the UK, UAE, Cayman Islands, Germany, and Cyprus. However, investments increased from the Netherlands and Japan. Since 2018-19, Singapore has been the largest source of such investments for India. In 2017-18, India attracted the maximum FDI from Mauritius. According to experts, after the India-Mauritius tax treaty amendment, Singapore has emerged as the preferred jurisdiction for investment in India. Rumki Majumdar, Economist, Deloitte India, said that as one of t

PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view

The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24

UK-based refractory maker Vesuvius Group to invest Rs 1,000 crore in India

Vesuvius India Ltd, a part of the UK-based refractory maker Vesuvius Group, on Thursday said it plans to invest around Rs 1,000 crore in the country over the next few years. Chief Executive of Vesuvius Group, Patrick Andre, said given the growth situation in India, the quantum of investments to be made in the country will reach close to Rs 1,000 crore within a few years. The Kolkata-headquartered Vesuvius India also inaugurated a new mould flux manufacturing plant at Vishakapatnam. The facility is designed to meet the increased demand for flux, a vital component for the continuous casting process at steel plants, the company said in a release. "India has always been a strategic market for the group. The manufacturing capabilities in India will enhance our competitive position in the country and also contribute to the socio-economic development of the communities where we operate, said Biswadip Gupta, chairman of Vesuvius India. The flux manufacturing plant in Visakhapatnam is the .

India's outward FDI rises to $3.91 billion in March, shows RBI data

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

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's space industry over the moon after Centre eases FDI norms

Move will attract investments worth $5 billion in five years, say industry experts

India continues to be preferred destination for FDI, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said India continues to be a preferred FDI (foreign direct investment) destination despite soaring global interest rates. He said that interest rates rose worldwide including in the US and that led to the flow of capital back in the developed nations. "That was a period where one would have imagined a much deeper impact on the developing economies than what India witnessed, but the strength of demand in India, the strength of opportunities that people saw in India, ensured that we did not see the drastic fall that many of our other peer countries (witnessed)," Goyal said. The total FDI -- which includes equity inflows, reinvested earnings and other capital -- contracted 15.5 per cent to USD 32.9 billion during April-September this fiscal against USD 38.94 billion in April-June 2022. "We continue to have significant FDI coming in...a lot of reinvestment of earnings happened even during this period when ideally I would have though

Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data

This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital

TMS Ep599: Apple in 2024, Indian FDI in Dubai, LargeCap MFs, EAEU

Will 2024 bring relief for Apple? What is driving increased Indian FDI into Dubai? Will large-cap MFs find their mojo back in 2024? What is the Eurasian Economic Union? All answers here

FDI inflows can rise as India remains preferred investment destination

Foreign direct investments into India is likely to gather momentum in 2024 as healthy macroeconomic numbers, better industrial output as well as attractive PLI schemes will attract more overseas players amid geopolitical headwinds and tighter interest rate regime globally. To ensure that India remains an attractive and investor friendly destination, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said the government reviews FDI policy on an ongoing basis and makes changes from time to time after having extensive consultations with stakeholders. In the January-September period this year, Foreign Direct Investment (FDI) into the country declined 22 per cent to USD 48.98 billion. The inflow was at USD 62.66 billion in the year-ago period. "However, we are broadly in line with the overall trends of FDI growth. FDI inflows from 2014-23 period is about USD 596 billion, which is about double than what India received during 2005-14. The trend i

BBC World Service India to restructure shareholding for FDI norm compliance

In response to the Centre's FDI guidelines, BBC World Service India, 99.99 per cent owned by BBC, may initiate a shareholding restructuring, potentially involving stake offerings to key executives

BBC staff to launch Indian language services company in line with FDI norms

The broadcaster is under scrutiny for alleged foreign exchange violations in India and an investigation was launched shortly after tax authorities searched BBC's offices in Delhi and Mumbai in Feb

FDI equity inflows contracted 24% in first half of FY24, shows data

During the six months of this financial year, FDI equity inflows decreased from major countries, including Singapore, Mauritius, the United States, the United Kingdom and the United Arab Emirates

Global woes pull net foreign direct investment down 77% in H1, shows data

The moderation in flows was majorly witnessed in communication services, retail and wholesale trade, and manufacturing sectors

India's FDI share gain more than others in its backyard, shows data

But total FDI into India down 22% at $46 billion in FY23, according to the RBI

Sunrise food processing sector got Rs 50,000 cr worth FDI in last 9 yrs: PM

More than 80 countries, 200 speakers and 12 partner ministries, departments and commodity boards are scheduled to take part in the event

Tax demand on online gaming companies likely to top Rs 1.5 trillion

Dream11 and other companies seek legal recourse after DGGI slaps GST notice

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