The pace of FDI utilisation has been slow. Among private-sector non-life insurers, no company has reached the current 74 per cent threshold
With rising global investments in artificial intelligence start-ups, India is well-positioned to leverage its rapidly growing AI ecosystem to attract further investments and stimulate innovation
Singapore emerges as top destination for Indian FDI in Q2
Foreign direct investment inflows in the manufacturing sector during 2014-24 rose by 69 per cent to USD 165.1 billion, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said that India is rapidly emerging as a preferred country for foreign investment in the manufacturing sector " FDI equity inflow in the manufacturing sectors in the last ten financial years (2014-24) has increased by 69 per cent to USD 165.1 billion as compared to USD 97.7 billion in the previous ten financial years (2004-14)," he said. He also said that the total FDI inflow of USD 383.50 billion has been reported in the country during the past five financial years (2019-20 to 2023-24). Replying to a separate question, he said that the initiatives taken by the Government have led to a decline in dependency on imports in several sectors including mobiles. The import of mobile phones has decreased from Rs 48,609 crore in 2014-15 to Rs
Says industry should prepare itself for a low tariff regime in the long run
New structure will help meet FDI ceiling of 74% for insurance sector
In the same period last year (April 2022-February 2023), FDI inflows were at $39.61 billion, while outflows touched $12.90 billion
FDI into India is expected to receive a boost from the Trade and Economic Partnership Agreement (TEPA) signed with the European Free Trade Association (EFTA) on 10 March 2024
India's nascent private space industry on Thursday welcomed the easing of FDI policy for the sector, terming it as a "pivotal move" to boost investments and help the country increase its share in the global space economy. "The easing of FDI norms will have a similar impact on the space sector as the 1991 liberalisation policy had on the overall economy," Tushar Jadhav, co-founder and Chief Executive Officer Manastu Space told PTI. Industry leaders said the government decision to permit 100 per cent overseas investment in making components for satellites and up to 49 per cent FDI through the automatic route for launch vehicles and associated systems or subsystems, creation of spaceports for launching and receiving spacecraft has given the much needed clarity for the sector. Several industry leaders cited examples of how foreign investors were hesitant to invest in the space sector through the government route, which was the case earlier, due to a series of approvals that were require
Sport comprises 16 per cent of the Indian footwear market and is the fastest-growing segment
TÜV SÜD has 2,500 employees in India out of its total global headcount of over 30,000 employees. In India alone, the company recorded revenues of Rs 500 crore this year
Taiwan's electric vehicle giant unveils first e-scooter in India
The sectors that received most of the investment during this period included manufacturing, financial services, business services, computer services, electricity, and other energy sectors
He further told the Lower House that IN-SPACe has received 135 applications from 135 non-governmental entities (NGEs) in the space sector to date
The study says 71% of MNCs see the country as a key destination for their global expansion
Karnataka attracted the most FDI in this space, followed by Telangana and Haryana. Flows into Karnataka were up more than 250% YoY
"The above decision will take effect from the date of FEMA notification," an official statement said
Foreign Direct Investment into India rose by 13% in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies, the UN has said
The restriction would be applicable from the date of notification by the Government of India
The pandemic is a supply, demand and policy shock for FDI. The lockdown measures are slowing down existing investment projects