Investment In India

Govt initiatives like PLI helping attract foreign investors in India: CII

The government initiatives such as Make in India and production linked incentive schemes for different sectors are helping attract foreign investors to set up bases in India, according to industry chamber CII. In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee said that the government's increased investments in infrastructure such as roads, railways and ports are making the domestic industry more competitive. The policy shift within India has also occurred at the same time as geopolitical conditions have become favourable for India, with many global companies looking to diversify their geographical base, the letter, dated November 5, said. "FDI inflows have increased from USD 45.14 billion in 2014-15 to USD 70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India," it said, adding that the PLI schemes have attracted huge investments. It added that India's manufacturing capabilities

SAP to 'over proportionally' invest, hire in India: CEO Christian Klein

"It is not that we are not investing in Germany it is just a matter of fact that we will of course 'over proportionally' invest here in India and no one is surprised by that

Motorbike dealer with 8 staffers receives Rs 4.8K cr bids for Rs 12-cr IPO

Resourceful Automobile IPO: The New Delhi-based company specialises in the sale of Yamaha motorcycles and scooters. It runs two showrooms in the national capital under the name 'Sawhney Automobiles'

JP Morgan extends Rs 200 cr credit line to boost Oyo accelerator programme

Oyo almost doubled its profit after tax to Rs 30 cr in Q3FY24, compared to the previous quarter's Rs 16 crore

NYSE-listed Belden invests Rs 100 crore in innovation hub in Bengaluru

The Bengaluru centre holds significance as this is the first such centre in India, following the successful launch of CICs in Stuttgart, Germany; Santa Clara, California; Shanghai, China; and Chicago

Bharat Tex Expo next month to attract over 3,500 exhibitors: Textiles secy

Over 3,500 exhibitors and more than 3,000 overseas buyers are expected to participate in Bharat Tex 2024 -- a global textile expo to be held here from February 26-29, a senior official said on Tuesday. The expo is expected to bring together stakeholders across the textile value chain, including government and industry representatives, Secretary in the Ministry of Textiles Rachna Shah said. The mega event will provide a unique opportunity to India to showcase itself as a global sourcing and investment destination. "We expect participation of over 3,500 exhibitors from India and abroad, more than 3,000 overseas buyers and 40,000 business visitors at the Bharat Tex Expo, along with participation of policymakers, government representatives from India and abroad, the industry and buyers," she said. Elaborating on the various initiatives of the Ministry of Textiles, Shah said a "Centre of Sustainable Fashion Technology" is proposed to be established to promote capacity building and resea

Govt's crackdown on alternative investment funds puts industry on watch

The top seven shadow lenders in the country had invested around $1.35 billion in these so-called AIFs, according to their most recent annual reports

German firm TÜV SÜD invests 15 mn euros in lab test facility in Bengaluru

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

Welcome world to invest in our nation, India won't disappoint: PM Modi

People of India are trendsetters and trailblazers when it comes to innovation, Prime Minister Narendra Modi said on Sunday and welcomed the world to invest in the country. Modi's remarks came in response to a post on X which called India an ancient civilisation that is simultaneously like a startup country. "I love your optimism and will add- the people of India are trendsetters and trailblazers when it comes to innovation," Modi said on X. "We welcome the world to invest in our nation. India won't disappoint," the prime minister said.

Adityanath govt pitching for 'Make in UP' in the growing aviation sector

Leading Indian and foreign companies, including from the US, have shown interest in setting up their manufacturing and assembly units in UP

Goyal to meet ministers, businesses in Riyadh to discuss trade, investment

Commerce and Industry Minister Piyush Goyal will meet senior leaders and businesses in Riyadh during his two-day visit to Saudi Arabia, starting from October 24, to discuss ways to boost trade and investments between the two countries, an official statement said on Monday. Goyal will be attending the seventh edition of Future Investment Initiative (FII) in Riyadh, Saudi Arabia. He would meet Kingdom of Saudi Arabia (KSA) dignitaries including Energy Minister Prince Abdul Aziz Bin Salman Al-Saud; Commerce Minister Majid bin Abdullah AlKassabi; Investment Minister, Khalid A. Al Falih; Industry and Mineral Resources Minister Bandar bin Ibrahim AlKhorayef; and Governor Public Investment Fund (PIF) Yassir Rummayyan among others, the commerce ministry said. Goyal will also co-chair a conclave session on the theme From Risk to Opportunity: Strategies for Emerging Economies in the New Industrial Policy Era along with the Saudi Arabian Investment Minister. He is also expected to meet busine

India, UAE to discuss investment related challenges as FDI decline in India

The first half of the 2023 calendar year witnessed a 37 per cent drop in FDI equity inflows, totalling $20.21 billion, compared to the same period the previous year

Newer biz contributed to one-third of Nykaa's GMV in FY23: Falguni Nayar

Nykaa's beauty and personal care (BPC) owned brands contribute to 11.9 per cent of its overall BPC GMV, while its Fashion-owned brands contribute 12.9 per cent to the overall Fashion GMV

UP transformed into prime investment destination in six years: Adityanath

Uttar Pradesh has transformed from being a 'Bimaru' state to become a prime investment destination in the past six years, Chief Minister Yogi Adityanath said on Monday. 'Bimaru' is used to refer to Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh, the states that are laggards in a number of economic growth indicators in the country. In a marked departure from its reputation just six years ago, the state has become a prime investment destination within the country, drawing substantial domestic tourism and securing significant funds from banks for industrial growth, Adityanath said while launching the Micro Entrepreneur Accident Insurance Scheme on the occasion of the World Entrepreneurship Day. According to an official release, Adityanath highlighted the growth in state's exports and said that the transformation was a result of Prime Minister Narendra Modi's inspiration and direction along with the state government's inclusive approach that assured security to all investors. "As a

Foxconn sees opportunity to invest several billions of dollars in India

Taiwanese electronics manufacturing giant Foxconn sees potential of investing several billions of dollars in India if it gets to completely implement its plan, a top official of the company said. Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the company's second quarter earnings call on Friday said that the company's Indian arm has achieved the turnover of close to USD 10 billion on an annual basis and there is a lot of investment potential in India. "Foxconn annual revenue was USD 200 billion. From the perspective of India's potential market size and if we can fully implement our plans there, several billion dollars in investment is only the beginning." He said Foxconn operates about nine campuses in India. "Total size will be equivalent to more than 500 football fields. We have over 30 factories in India. The turnover, business size, roughly USD 10 billion annually. We have over 20 dormitories that shelter tens and thousands of employees that work with Foxc

Industry fumes as Tamil Nadu hold back bill increasing working hours

Trade unions support move, say legislation is against 'basic rights of workers'

Boom Up Korea 2023: Come, invest in India urges Vedanta's Akarsh Hebbar

Come, Invest in India Urges Vedanta's Akarsh Hebbar at Boom Up Korea 2023

Digital lending startup LoanTap raises Rs 24 crore in venture debt

Funding led by Lighthouse Canton through its Category-II AIF

UAE-based Emirates NBD invests $100 mn more in India, opens 2 more branches

UAE-based bank Emirates NBD on Monday announced an additional USD 100 million investment in its India operations, and added two more branches in Chennai and Gurugram. The lender, having the largest presence in the Middle East region, has so far invested USD 300 million in the last five years of its operations in India in three tranches, its group head for international and group strategy, Neeraj Makin, told PTI. Its country chief executive for India Sharad Agarwal said its current presence is not as a wholly-owned subsidiary, which is preferred by RBI for units of foreign lenders, and added that its focus is on the corporate and trade segment and not the retail side. Makin said it may add 2-3 more branches, including one in Kolkata, over the next 18 months and will definitely infuse more capital if it happens. Agarwal said at present, its overall balance sheet stands at Rs 5,500 crore, which includes a loan book of Rs 3,000 crore and investment book of Rs 1,500 crore. By FY24, it i

8i Ventures announces first close of second investment fund worth $50 mn

Early-stage venture capital company says fintech 'single largest opportunity in India'