Page 4 - Fdi

Budget 2024: Slow improvement in capacity utilisation, FDI falling

Rules for foreign direct investment and overseas investments to be simplified

Budget proposes to simplify norms pertaining to FDI, overseas investments

FM says 'not disowning' Economic Survey's suggestion that India should attract more FDI from China

Changing ties: Eco Survey bats for more FDI from China to tap export market

Cites Apple, Foxconn success stories on China Plus One; Calls to strike a balance between importing goods and FDI from China

Goyal cites ease of doing, other steps to attract US investors to India

Commerce and Industry Minister Piyush Goyal on Saturday appealed to the Indian diaspora of the US to help promote the country as a preferred investment destination, highlighting the vast opportunities available in various sectors. He said that the government has taken a series of measures to attract investments and those steps include promoting ease of doing business, reducing compliance burden, opening sectors like space and efface for foreign direct investments. Goyal also asked the diaspora to participate in making India a developed nation by 2047. "Help promote brand India as a premium investment destination. Investing in India has tremendous growth potential and we saw NRI deposits (increasing to) USD 3 billion between April and May, and that is four times what it was last year. I am sure many of you would be looking at investments in the Indian stock market, bond market, banking systems, fixed deposits, depending on your appetite for risks," he said while virtually interacting

India's outward FDI rises to $2.14 billion in June, shows RBI data

Outward FDI was $3.16 billion in April-June 24

Domestic mutual funds increase stake in Paytm, firm's FDI dips by 2%

The shareholding of foreign portfolio investors was pegged at 20.5 per cent in Q1FY25, a 0.16 per cent decline from Q4FY24

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.

Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr

Realty firm Experion Developers has acquired a 7.81-acre land in Gurugram for Rs 400 crore to develop a real estate project. The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram. "The 7.81-acre plot was acquired through an outright purchase for approximately Rs 400 crore," Experion Developers said in a statement. The project will have a built-up area of about 3 million square feet. In April, the company had said it would invest about Rs 1,500 crore to develop a luxury housing project 'Experion Elements' in Noida as part of its expansion plans amid a sharp rise in demand for residential properties. The company is developing around 320 housing units in this 4.7-acre project at Noida in Uttar Pradesh. In the first phase, around 160 units are being launched for sale. Experion Developers is developing township, housing and commercial projects in Gurugram, Amrits

Course correction

FDI fall shows need for reform and openness

Relationship between India, US 'multiplicative': US envoy Eric Garcetti

The India-US relationship has never been better, US envoy to India Eric Garcetti has said, asserting that ties between the two strategic partners are not just "addictive" but also "multiplicative". Garcetti made the remarks on Monday at an event on the sidelines of the SelectUSA Investment Summit, to which the largest delegation is from India. This (India-US) is a relationship that isn't just additive. It's not just the US plus India. It's multiplicative. It's the United States times India, Garcetti said at the meeting held in the suburbs of Washington. Garcetti underlined that the relationship between India and the US has never been better. We've never had a closer relationship with India. Americans of Indian descent are now about 1.5 per cent of our population. And pay six per cent of the taxes in America. It is the most successful immigrant community in America, he said. Garcetti spoke at the event in which India's JSW Steel announced its plans to invest USD 140 million in Bayt

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

Net FDI in India improves to $4 billion in April, says RBI bulletin

The scale of repatriation/divestment of capital declined to $2.38 billion in April 2024 from $3.47 billion a year ago

Outward FDI remain almost flat at $2.0 billion in May, shows RBI data

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

Strong economic base to help new govt make India a developed nation by 2047

India's world record beating economic growth rate together with robust tax revenues, a fast expanding digital and financial infrastructure and a strong manufacturing sector will give the new government a base for unleashing next generation reforms that may make the country a developed nation by 2047. The new government will however have to tackle with problems like unemployment and rural distress, which seemed to have played a major role in voting pattern in states like Uttar Pradesh, while also keeping inflation under control. Given that no party, including BJP, have a clear majority of its own, tough reforms like big ticket privatisation and labour law reforms may take a backseat. As per the available trends, BJP is likely to win about 240 seats in a 543- member Lok Sabha. It would have to rely on its allies like TDP and JDU to form the next government. The new government will have to build upon the 8.2 per cent GDP growth recorded in 2023-24 and carry on with the reforms to make

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

Cong slams Fadnavis over FDI data, says Maha has always been on top

The Congress on Saturday said that Maharashtra has continuously topped the list of foreign direct investment (FDI) receivers and attacked Deputy Chief Minister Devendra Fadnavis over his comment that the state's ranking went down during MVA rule. Citing data from Union ministry of industries, state Congress spokesperson Sachin Sawant said Maharashtra got about 33 per cent of all FDI in the country between 2000 and 2012. In terms of overall FDI from October 2019 to June 2022, Maharashtra ranked first even during the tenure of the Maha Vikas Aghadi (MVA) government, Sawant said. The MVA government under Uddhav Thackeray fell in June 2022 after Eknath Shinde led a rebellion in Shiv Sena and joined hands with the BJP to become the chief minister. Congress is an MVA partner. Maharashtra, which lagged in attracting FDI during MVA rule, has again risen to the top position in the past two consecutive years, Fadnavis had said on Friday. You (Fadnavis) presented data from April 2021 to Marc

India's FDI equity inflow at five-year low of $44 billion in FY24

High interest rates in advanced economies, limited absorptive capacity locally likely reasons

India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%

FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report

Multinationals post 45.2% growth in net profit in FY23, shows RBI data

Post-pandemic improvement in margins boosts bottom line

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