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Prime Minister Narendra Modi has invited French businesses to invest in India, saying when France's technology and India's talent unite a global transformation will happen. Addressing the India-France CEO Forum here on Tuesday, Modi said this is the right time to come to India as it offers countless opportunities for investments and collaborations in areas such as defence, advanced technology, fintech, pharma among others. "I welcome you all to join India's development journey. When France's finesse and India's scale meet... When India's pace and France's precision join... When France's technology and India's talent unite... Then, not just business landscape, but global transformation will happen," he told the gathering of the business leaders. French President Emmanuel Macron also attended the event. Modi said the India-France CEO Forum plays a key role in strengthening economic ties and fostering innovation. "It is gladdening to see business leaders from both nations collaborate
India's data centre market has attracted investment commitment of USD 60 billion in the last six years and the cumulative inflow is estimated to surpass USD 100 billion by 2027-end, according to CBRE. Real estate consultant CBRE South Asia on Wednesday released report '2024 India Data Centre Market Update'. "The Data Centre (DC) market in India has experienced substantial investment from global operators, real estate developers, and private equity funds seeking to capitalise on the country's burgeoning market," the consultant said. Between 2019 and 2024, India attracted investment commitments totalling more than USD 60 billion from both domestic and international investors, it added. Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal emerged as the leading states in terms of cumulative investment commitments. CBRE report anticipates "India surpassing USD 100 billion in cumulative investment commitments by the end of 2027". India's data centre market is experiencing
Union Minister Ashwini Vaishnaw has invited German companies to invest in India, saying it is a trusted partner which offers political and economic stability. Addressing the TV9 Global Summit in Stuttgart on Thursday evening, he said India was growing steadily at 6-8 percent and was poised to continue this trajectory for many years to come. "Consider including India in your supply chain. India hosts over 1,800 global capability centres across virtually every sector. We offer a vast pool of talent, with world-renowned capabilities in IT," the minister said. "The success of our government reflects in the fact that good economics can also make good politics. While many democratic nations have faced turmoil, India remains a trusted partner, offering both political and economic stability," he said. Vaishnaw said India had a very healthy balance sheet, with debt at 57 percent of the GDP, well below the debt levels seen in other large economies. "This success is not a coincidence. It is
Trading activity of foreign investors and global trends will be the major driving factors for the equity markets in a holiday-shortened week ahead, according to analysts. Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra. Elections to the 288-member state legislative assembly will be held on November 20, and votes will be counted on November 23. "The Indian stock market will remain shut on Wednesday, November 20, in observance of Maharashtra assembly elections. The election results, along with key global economic indicators, including US bond yields, dollar index performance, US unemployment claims, flash manufacturing and services PMI data, and Japan's inflation data, will be pivotal in shaping market direction. "High US bond yields and a strengthening dollar post-election have impacted emerging markets like India, and FII (Foreign Institutional Investors) activity remains a key factor, influencing Indian equit
Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks. Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020. The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024. Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April and May, data with the depositories showed. Looking ahead, the trajectory of global events like geopolitical developments, interest rate movements, progress in the Chinese economy and the outcome of the US Presidential election will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director,
Commerce and Industry Minister Piyush Goyal on Sunday said there are plans to open offices in different countries in the coming months to hand-hold foreign investors looking at opportunities to invest in India. The first such office of Invest India -- the national agency to promote investments into the country -- was inaugurated by the minister in Singapore. It will act as a dedicated point of contact for companies from the region looking to invest here. This move reinforces India's commitment to deepening investment partnerships and making it easier for global investors to engage with India. "The Singapore office will serve as a dedicated point of contact for companies from the region looking to invest in India, fostering collaboration across sectors," the commerce and industry ministry said in a statement. Within the Invest India Singapore office is the National Industrial Corridor Development Corp Ltd. Speaking at the event, Goyal said Singapore is a key strategic partner for
Foreign investors infused nearly Rs 11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of Rs 34,252 crore in April-May. The recent inflows are promising and could continue, supported by India's stable macroeconomic position. However, global factors like US interest rate and geopolitical scenario would continue to be the driving force, Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, said. According to the data with the depositories, FPIs put in a net investment of Rs 10,978 crore into equities this month (till September 6). FPIs have been on a buying spree in the Indian equity markets after the sentiments improved following comments from US Federal Reserve Chair Jerome Powell, who suggested that a rate cut