Fdi

Growth in net sales of FDI companies moderated to 9.3% in FY24: RBI

The RBI on Tuesday said with the normalisation of post-pandemic pent-up demand conditions, the growth in net sales of select FDI companies moderated to 9.3 per cent during 2023-24 from the high of 20.3 per cent in the previous year. The Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) FDI companies in India during 2023-24 based on audited annual accounts of 2,418 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2021-22 to 2023-24. Manufacturing and services sectors recorded lower sales growth of 6.4 per cent and 12.7 per cent, respectively, during 2023-24. Moderation in sales growth was broad-based across the major industries within the manufacturing and services sectors, except 'Wholesale and retail trade' and Electricity, gas, steam and air condition supply' industries. The paid-up capital (PUC) of these companies amounted to Rs 5,30,160 crore, which accounted for 51

Amid global uncertainties, FDI in India falls 5.6% to $10.9 bn in Q3FY25

Foreign direct investment in India dipped by 5.6 per cent year-on-year to USD 10.9 billion in October-December quarter of this fiscal due to global economic uncertainties, according to the government data. FDI inflows during October-December 2023-24 stood at USD 11.55 billion. According to the Department for Promotion of Industry and Internal Trade (DPIIT) data, in the July-September quarter of the current fiscal, the inflows were up by about 43 per cent year-on-year to USD 13.6 billion and had increased 47.8 per cent annually to USD 16.17 billion in the preceding April-June quarter. Cumulatively, during the April-December 2024-25, the inflows registered a growth of 27 per cent to USD 40.67 billion as against USD 32 billion in the same period of 2023-24. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 21.3 per cent to USD 62.48 billion during the first nine months of this fiscal from USD 51.5 billion in April-December 2023-24. During the ..

Maharashtra preferred FDI destination, contributes 14% to GDP, says Guv

Maharashtra Governor CP Radhakrishnan on Monday said the state is a preferred destination for foreign direct investment (FDI) and contributes more than 14 per cent to the country's gross domestic product (GDP). The governor, addressing the joint session of the state legislature on the first day of the budget session, asserted that Maharashtra was one of the leading industrial states in the country. He said the state government has signed memoranda of understanding (MoUs) worth approximately Rs 15.72 lakh crore with 63 national and international companies during the World Economic Forum in Davos, Switzerland, in January, and these investments will generate more than 15 lakh employment opportunities. Radhakrishnan said the state government is committed to resolving the Maharashtra-Karnataka border dispute and has appointed expert advocates to represent Maharashtra before the Supreme Court. "Maharashtra is a preferred destination for FDI and contributes more than 14 per cent to the ..

Net FDI in India declines to $1.2 billion Apr-Dec 2024, says RBI data

Gross inward FDI during April-November 2024 increased by 20.6 per cent year-on-year (Y-o-Y) to $62.5 billion from $51.8 billion a year ago

In step with a reordered world: A Viksit Bharat needs domestic market focus

A greater inward orientation is inevitable in years ahead for two reasons. One is a slowing down of growth in world trade. The second channel through which GEF will make itself felt is flows in FDI

UK-based Bupa likely to increase stake in Niva Bupa Health Insurance

Finance Minister Sitharaman recently announced a hike in FDI limit in insurance sector from 74% to 100%

Public sector general insurance employee union oppose 100% FDI move

The proposed introduction of 100 per cent FDI in the insurance sector and other amendments to insurance laws by the Central Government were also discussed

Apex Kidney Care secures FDI worth $9 mn from Swiss Blue Earth Capital

As for AKC, this investment was facilitated by Tata Capital Healthcare Fund, the healthcare-focused private equity fund of Tata Capital

A new model: Revamping BIT calls for a fresh approach to boost FDI

With India facing consequences such as having its foreign assets seized as a result, government has essentially been defensive, including terminating BITs with some 75 countries between 2016 and 2021

Draft bill seeking 100% FDI in insurance to be sent to Cabinet soon: DFS

The finance ministry will soon send the draft bill seeking to increase FDI limit in the insurance sector to 100 per cent to the Union Cabinet for its approval, Financial Services Secretary M Nagaraju said on Monday. "Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry," he said in an interaction with media here. Thereafter, the draft bill will be sent to the Cabinet for approval. The intent of the Department of Financial Services (DFS) is to get the bill introduced during the current Budget session, he said. Finance Minister Nirmala Sitharaman in her Budget speech proposed to raise the foreign investment limit to 100 per cent from existing 74 per cent in the insurance sector as part of new-generation financial sector reforms. "This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreig

Budget 2025: How 100% FDI will benefit the Indian insurance industry

The government seeks to fully unlock the potential of India's insurance industry, and has announced opening up of the sector to 100 per cent FDI

Budget 2025: Charting a new growth path amid excess capacity, FDI concerns

Net FDI inflows are plummeting due to repatriation by foreign firms, coupled with increased outbound foreign investment by Indians

Charting a new growth path: Budget highlights falling insurance penetration

Limited choice of insurance products and absence of people-friendly claim settlement mechanism is leading to lower insurance coverage in rural India

Budget 2025: Govt allows 100% FDI in insurance, easing foreign entry

The jury is divided on whether this move has led to the expected inflow of investments

India sees 17.9% increase in FDI inflows, at $55.6 bn in Apr-Nov in FY25

Economic Survey 2025: India's foreign direct investment between April 2000 and September 2024 surpassed the $1 trillion mark

Rs 21,000 cr given to women under Ladki Bahin scheme: Maharashtra governor

Maharashtra Governor CP Radhakrishnan on Sunday said 2.46 crore women have been provided a collective assistance of Rs 21,000 crore under the government's Ladki Bahin scheme. Addressing the Republic Day function at the Shivaji Park in Mumbai, the governor also said Maharashtra stands first in the country in attracting the Foreign Direct Investment (FDI). "I appeal to all to resolve to form a new and strong Maharashtra. We must all work together to make our dream of one trillion dollar economy, a reality," he said. Under the state government's flagship Ladki Bahin scheme, touted to have played a major role in the BJP-led Mahayuti's win the assembly polls last year, the eligible women are provided Rs 1,500 per month. The governor said nearly 2.46 crore women have been given the benefit of about Rs 21,000 crore from July to December 2024 under the scheme, implemented for their economic independence, ameliorating their health and strengthening their decision-making role. Also, financi

Gujarat received FDI equity inflow of $57.65 billion in last 10 years: Govt

Gujarat received a foreign direct investment (FDI) equity inflow of USD 57.65 billion in 10 years starting April 2014, the state government said on Thursday. This was shared in the latest report released by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Union government in December last year. Gujarat attracted only USD 9.51 billion in FDI from April 2000 to March 2014. However, from April 2014 to September 2024, the state made a significant leap by getting USD 57.65 billion in FDI equity inflows, the report said. This accounts for 86 per cent of the total FDI equity inflow of USD 67.16 billion into Gujarat over the past 24 years, it said, adding that these figures underscore the state's exceptional performance under the leadership of Prime Minister Narendra Modi and reflect the unwavering confidence of investors in the state. Gujarat Chief Minister Bhupendra Patel has effectively implemented investor-friendly policies and created a business-conducive ...

UP govt approves new aerospace and defence policy, reforms in FDI

The Uttar Pradesh government on Wednesday approved a new Aerospace and Defence Unit policy to attract Rs 50,000 crore of investments and generate jobs for 1 lakh people. The state cabinet meeting chaired by Chief Minister Yogi Adityanath in Prayagraj also approved an FDI policy among 10 key proposals aimed at accelerating the state's development, an official release said. Among these, the groundbreaking Aerospace and Defence Unit and Employment Promotion Policy 2024 was introduced to position UP as a leader in the sector, the release said. The policy sets an ambitious target of attracting Rs 50,000 crore in investments, with the potential to generate direct employment for 1 lakh youth across the state. The Cabinet meeting was held at the Triveni Complex in Prayagraj amid ongoing Maha Kumbh. The state Cabinet also approved the new FDI Policy to boost setting up of foreign industries in Uttar Pradesh in order to propel industrial and economic growth. "Under this policy, the state ..

Net FDI inflow slowed to $0.5 billion in April-November: RBI data

Gross inward FDI during April-November 2024 increased to $55.6 billion from $47.2 billion a year ago, according to the Reserve Bank of India's data (January 2025 bulletin)

We are doing FTAs only after extensive stakeholder consultations: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said India is finalising free trade agreements (FTAs) only after extensive consultations with all the concerned stakeholders. He said that unlike in the past, these pacts are now fair, equitable and balanced. "We are not doing FTAs like in the past. Every agreement is after extensive stakeholder consultation," he said at the Thuglak Annual Meet in Chennai. Citing the agreement with the four-European nation bloc EFTA, he said that for the first time in the history of FTAs, India has received a commitment of USD 100 billion FDI (foreign direct investment) in this pact. The Modi government has implemented these pacts with countries like Australia and the UAE. He also said that India's decision to opt out of RCEP (Regional Comprehensive Partnership Agreement) demonstrates its commitment to safeguarding national interests. "It was not in the interest of MSMEs, and it would have opened a floodgate for Chinese goods into the country