Page 2 - Fdi

FDI realities: A decade on, policy for multi-brand retail remains on paper

Ten years after FDI in multi-brand retail was allowed, it remains largely inactive. Meanwhile, e-commerce giants like Amazon and Flipkart continue to reshape India's rapidly evolving retail market

Govt mulls new regulatory mechanism for FDI supervision and oversight

The government is considering setting up a foreign investment regulatory mechanism for post-investment review and monitoring in the country, according to sources. At present, the consideration is at the discussion level only, they added. "It has been observed that all countries do oversight on the FDI (foreign direct investment), which is coming into their country. People suggest that in India also, there should be an oversight mechanism. It's a kind of oversight on money, which is coming up in the country as FDI," one of the sources said. It can help ascertain that the FDI coming into the country is beneficial to the economy and originates from legitimate sources. India is a major destination for foreign direct investments given its 1.4 billion market, stable policies, demographic dividend, good investment returns and skilled workforce. The government has taken a series of measures to attract overseas investments like promoting ease of doing business through simplifying procedure

Odisha to hold investors' meet in January, eyes Rs 2.5 trn by 2029

The state Cabinet has approved investment proposals worth Rs 44,682 crore, achieving 90 per cent of the annual target

Expecting FDI to increase to $100 bn per annum in coming years: DPIIT Secy

India is receiving foreign direct investments (FDI) of USD 70-80 billion ever year and is expected to hit USD 100 billion per annum in the coming years, a top government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia said the department is also streamlining approval processes for FDI applications. The government has taken a series of measures to promote investments into the country such as easing the norms in sectors such as defense, railways, insurance, and telecom. "We are targeting much higher investment flows. We have about USD 70 billion to USD 80 billion which is coming in every year. But we are expecting this to increase to at least USD 100 billion a year in the years to come," he told reporters here. Bhatia said FDI in most sectors are permitted through under automatic route, barring few that still remain in the restricted category. The overseas inflows in the last 10 years (2014-24) stood

Plan to open offices abroad to assist foreign investors: Piyush Goyal

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

Net FDI in India rises to $5.5 billion in Apr-Jul 24, shows RBI data

The increase was due to an improvement in gross inward FDI, which grew by 23.6 per cent year-on-year (Y-o-Y) to $27.7 billion during the four months of FY25

Harley-Davidson to Ford, foreign brands return to India with new script

Other foreign brands are also re-entering India or making fresh plans to capitalise on the opportunities the country offers

Best of BS Opinion: How to get FDI up 10 times, underutilised data, more

Here is the best of Business Standard's opinion pieces for today

Why is FDI important for India's economic growth and development process?

To get a 10x gain in FDI, we need to solve the deeper issues. The problems in India are reminiscent of those seen in China, on a smaller scale

FDI inflows jump 47.8% to $16.17 bn in Apr-Jun on healthy services inflow

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 28 per cent to USD 22.49 billion during the first quarter of this fiscal from USD 17.56 billion in April-June 2023-24, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed. During the period, FDI equity inflows rose from major countries, including Mauritius, Singapore, the US, the Netherlands, the UAE, Cayman Islands and ...

Eye on FDI, Centre to ask state govts for investment-friendly reforms

The Centre is currently engaging with various countries to boost FDI inflows, which dropped to $26.5 billion in FY24 from $42 billion in FY23

Union Cabinet approves 12 industrial smart cities worth Rs 28,602 cr

These projects are expected to attract investment to the tune of around Rs 1.52 trillion with the potential of generating 10 lakh jobs

Fema tweaks on the cards to allow FPIs to seamlessly access FDI route

This move comes in response to several requests from foreign investors seeking to simplify the reporting requirements they currently face when exceeding the 10 per cent threshold

DPIIT floats note to seek distinction between online game of skill, chance

The department for promotion of industry and internal trade (DPIIT) has circulated a note seeking views of different ministries on distinguishing between online 'Game of Skill' and 'Game of Chance' for the purpose of FDI, a senior official said. The official said that a clear distinction between the two is necessary to seek foreign investments as online game of skill has huge potential. In his address during the 78th Independence Day celebrations here, Prime Minister Narendra Modi called upon Indian professionals to lead the global gaming market and help establish the country as a global leader in the industry. He had emphasised the need for Indian talent to dominate not just in gaming but in game production as well by leveraging the country's rich cultural heritage. "A concept note was circulated for inter-ministerial discussions to distinguish between the two for the purpose of FDI (foreign direct investment). We need to see how in online gaming, we can make distinction between .

Remitting large amount abroad? Pay TCS, declare income accurately

Maintain detailed records of foreign remittances, including purpose, amount, and beneficiary details

Net foreign direct investment rises to $6.9 billion in Q1, shows RBI data

Manufacturing, financial services, communication services, computer services, and electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows

FDI in food processing sector down 30% to Rs 5,037 crore in 2023-24

Foreign direct investment (FDI) in India's food processing sector declined 30 per cent in the last fiscal to Rs 5,037.06 crore, according to official data. The FDI in the food processing sector stood at Rs 7,194.13 crore in 2022-23. According to the data presented by the Food Processing Industries Ministry in Lok Sabha, the FDI in food processing sector stood at Rs 5,290.27 crore in 2021-22 and Rs 2934.12 crore in 2020-21. FDI was Rs 6,414.67 crore in 2019-20; Rs 4430.44 crore in 2018-19; Rs 5,835.62 crore in 2017-18; Rs 4,865.85 crore in 2016-17; and Rs 3,312 crore in 2015-16 in the food processing sector. In order to enhance foreign investment in the food processing sector, the ministry has taken various measures, including 100 per cent FDI permitted through automatic route for the food processing sector subject to sectoral regulations. It has allowed 100 per cent FDI, under the government-approval route, for trading including through e-commerce, in respect of food products ...

FDI in manufacturing rises 69% to $165 bn during 2014-24: Jitin Prasada

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

Rupee nears 84 per US dollar tracking Asian peers, foreign outflows

RBI intervenes in off-shore, spot markets to curb volatility

FDI from China better for local manufacturing boost: Niti member Virmani

Niti Aayog member Arvind Virmani on Sunday said it is better for India to get Chinese firms to invest and produce goods here to boost local manufacturing than to keep importing goods from the neighbouring country. Virmani was responding to a pitch made by the pre-budget Economic Survey on July 22 for seeking foreign direct investment (FDI) from China to boost local manufacturing and tap the export market. "So, there is a trade-off the way an economist looks at it...So, the trade-off is that if there are going to be some imports, which we are anyway going to import for 10 years, 15 years from China, then it is better to get Chinese firms to invest in India and produce the same goods here," he told PTI in an interview. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and export the products to these markets rather than importing from the neighbouring country, according to the Economic Survey. "S