Page 3 - Foreign Investments In India

India bringing back ancient idols, getting foreign investment also: PM Modi

The circle of time has moved, Prime Minister Narendra Modi said on Monday, noting that the country is not only bringing back its ancient idols from abroad but also getting record foreign investment. Addressing a gathering after laying the foundation stone of the Shri Kalki Dham temple here in Uttar Pradesh, he said on one hand places of pilgrimage are being developed and, on the other, cities are getting hi-tech infrastructure. The programme was attended by seers and religious leaders from across the country. "Our ancient idols are being brought back from abroad and we are getting record foreign investment, the circle of time has moved," the prime minister said and highlighted that "Chhatrapati Shivaji Maharaj had encouraged us to take pride in our identity". Modi, who was accompanied by Uttar Pradesh Chief Minister Yogi Adityanath and Kalki Dham Peethadheeshwar Acharya Pramod Krishnam, also unveiled a model of the temple. The Shri Kalki Dham is being constructed by the Shri Kalki

LIVE: Bihar's ex-CM Karpoori Thakur to be awarded Bharat Ratna posthumously

From flight delays due to fog to devotees reaching Ram temple in Ayodhya, catch all the latest updates from around the world here

TN bags investments of over Rs 6 trn, to provide 2.69 mn jobs: CM Stalin

Investments of over Rs 6 lakh crore in Tamil Nadu have been promised by various companies during the Global Investors Meet 2024 organised by the DMK government in the state, Chief Minister M K Stalin said on Monday. Participating in the valedictory session of GIM 2024, the chief minister said companies have committed to investing a total of Rs 6,64,180 in Tamil Nadu and added that it would create as many as 26,90,657 lakh direct and indirect jobs in the state. Delivering his address in the presence of party cabinet colleagues and business leaders, including the chairman of diversified conglomerate Mahindra Group, Anand Mahindra and TAFE Ltd Chief Mallika Srinivasan, Stalin assured the industrialists that all the necessary clearances for the new investments would be issued through single window clearance.

Foreign investments into Indian bonds reached six-year high in 2023

The U.S. 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October

Indian state banks to snap two-month streak of selling govt debt: Report

The pullback has left the 10-year yield around 7.20%, which traders say is attractive

Over Rs 55,000 cr in foreign contributions received by NGOs in 2019-22

More than Rs 55,000 crore in foreign contributions were received by over 13,500 FCRA registered NGOs in the country in three financial years 2019-22, Lok Sabha was informed on Tuesday. Union Minister of State for Home Nityanand Rai said in order to accept foreign contributions, all associations or NGOs have to obtain registration or prior permission under the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010). "A total of 13,520 associations or NGOs have received a total of Rs 55741.51 crore foreign contribution in last three financial years i.e. 2019-2020 to 2021-2022," he said in a written reply. Rai said a total of 1,615 applications for registration under FCRA were received in the last two years i.e. 2021 and 2022. Out of these, 722 applications have been granted and 225 applications have been rejected as on December 14, 2023. The refusal of these applications was due to not fulfilling the eligibility criteria in accordance with the provisions of the FCRA, 2010 and rules

India invites investments from Nordic-Baltic nations at business conclave

External Affairs Minister S Jaishankar on Wednesday sought investments from Nordic-Baltic countries in the development of ports, renewable energy, food processing and fisheries, saying India has put in place institutional frameworks for closer business-to-business cooperation. Addressing the India Nordic Baltic Business Conclave here, Jaishankar also said that India has opened embassies in Tallinn and Vilnius recently and plans to start an embassy in Latvia very soon. He said India has set up an ambitious target to set up renewable energy capacities of 450 gigawatts by 2030, lined up port-led development involving over 600 projects under the Sagarmala program, while the food processing sector has the potential to attract USD 33 billion over the next decade. "So these offer real opportunities for the NB8 (Nordic-Baltic) countries for investment, for trade and for tech collaboration and exchange of mutual expertise and best practices. The growth of fisheries, too, is a domain of natur

FDI equity inflows decreased by 24% to $20.48 bn in Apr-Sep 2023: Data

Foreign direct investment (FDI) equity inflows in India declined 24 per cent to USD 20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to USD 9.28 billion. During April-June last year, it declined 34 per cent to USD 10.94 billion. Investments from overseas fell in April, May, June, July and August. However, in September, it rose to USD 4.08 billion compared to USD 2.97 billion in the same month last year, the data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The total FDI -- which includes equity inflows, reinvested earnings and other capital -- contracted 15.5 per cent to USD 32.9 billion during the period under review against USD 38.94 billion in April-June 2022. During the six months of thi

Indian companies await more govt action on direct overseas listing

The move follows remarks made by the Finance Minister, Nirmala Sitharaman, in September on permitting Indian companies to undertake "direct foreign listings"

Angel tax norms: Govt extends safe harbour to convertible preference shares

Issues final valuation rules for funding in unlisted startups for foreign and domestic investors

Pak expecting $60-70 bn foreign investment in the next 3-5 yrs: Interim PM

Claiming that there was a huge appetite for investment in Pakistan, Interim Prime Minister Anwaar-ul-Haq Kakar on Friday said an estimated USD 60-70 billion foreign investment was expected in the country over the next three to five years. The investment was expected under the government's new initiative of the Special Investment Facilitation Council (SIFC), a civil-military joint initiative launched by the previous government, Kakar told journalists. There are also pledges and promises of additional investments the country can receive totalling nearly the same amount we have to design and submit the diversified projects, he said, adding, There was a huge appetite for investment in Pakistan. According to some estimates, he said, Pakistan has mines and minerals worth USD 5-6 trillion. The reserves at Reko Diq in Balochistan alone have a worth of USD 700 billion, he said, adding, We are moving towards realizing this potential. The caretaker prime minister said there was a plan to ..

India's real estate sector received $1.6 bn investment in Apr-June: Report

The institutional investment worth $1.6 billion was led by foreign investors and commercial assets such as hospitality projects, offices, retail, etc

First Solar to invest billions of dollars in India's solar panel production

During PM Modi's visit to the US, both nations pledged to establish investment platforms to attract international private finance and accelerate the deployment of renewable energy projects in India

Global uncertainty casts shadow on India's FDI inflows in FY24: Experts

Country's strength to attract global investments remains intact, they say

From US to Australia, investors from 21 nations get angel tax exemption

Funding from countries such as Mauritius and Singapore in unlisted start-ups to attract the tax

Indian real estate saw foreign inflows of $26.6 billion between 2017-22

In the quarter that ended March 31, the institutional investments in the real estate sector were up 37 per cent to $1.7 billion: Colliers India

Alchemy India Long Term Fund relocates from Mauritius to Gift City IFSC

Industry players said more such funds could move to Gift City as the tax treatment is now at par with other global jurisdiction

Statsguru: Opening door to foreign universities to set up campuses in India

Student numbers have grown meanwhile, with over 9.4 million students completing their studies annually

The future of Indian economy: Should it play the power game or values game?

India must decide what it wants to be - a country admired for its soft power and market, or an arbitrary state that can do what it wills with both individuals and businesses - writes T N Ninan

Uttar Pradesh looks for image makeover with roadshows in 18 nations

The state is targeting investment proposals worth Rs 10 trillion