More and more of what used to be called ‘the animal spirits’ of Indian enterprise are awakening.
Membership of I2U2 group suits India in many ways. It’s a boost to Comprehensive Economic Partnership Agreement signed between India & UAE, which is the highest contributor of FDI to India from Gulf.
Meanwhile, FDI equity inflow in manufacturing sectors has risen by 76% in FY 22 to $21.34 billion as compared with the previous fiscal at $12.09 billion.
Singapore (27.01 per cent) and the US (17.94 per cent) have emerged as the top two investors during 2021-22 in India.
Gulf state figures in top 10 investors pumping money into India.
A statement from the Union Commerce Ministry, Karnataka edged past Delhi and Maharashtra, registering a total FDI inflow of 38 per cent.
The commerce and industry ministry said India has received the "highest ever" total FDI on account of various measures like policy reforms and ease of doing business taken by the government.
FDI equity inflow in manufacturing sectors has increased by 76 per cent in 2021-22 (USD 21.34 billion) compared to 2020-21 (USD 12.09 billion).
The country recently clocked more than USD 500 billion in foreign direct investment in the last eight years and hit a record USD 400 billion in exports.
Tamil Nadu is making rapid progress on the industrial front particularly in obtaining more investments, Tamil Nadu CM MK Stalin said.
Making a statement in the Tamil Nadu Assembly, CM MK Stalin said the government, under the DMK, succeeded in getting thousands of crores of rupees as investments.
She said foreign investments have to be gauged, not just by looking at FIIs and FPIs which by very nature depend on the interest rates and they keep on 'moving up and down.'
The FDI inflow in 2020-21 was USD 81.72 billion compared to USD 74.9 billion in the preceding financial year.
CAIT said the government policy allows for 100 per cent foreign direct investment (FDI) in single-brand retail trading (SBRT) and B2B cash and carry.
Of the total invested amount during the last month, USD 237.84 million was in the form of equity infusion, USD 230.06 million as loan and USD 285.72 million by way of issuance of guarantee.
At investors’ meet here, Principal Secretary of Industries department Hemant Sharma explained the efforts and policies made by the State government for investment opportunities.
Government sources say that insurance is a permitted sector under FDI policy.
The government has approved listing of shares of LIC on the stock market through an IPO by part-sale of its stake in the insurer and raising fresh equity capital.
The equity inflows in the third quarter of this fiscal (October-December 2021) also declined to USD 12 billion as against USD 21.46 billion in the corresponding period of 2020, the data showed.
The ambitious CPEC is a 3,000-km long route of infrastructure projects connecting China's Xinjiang Uygur Autonomous Region and the Gwadar Port in the western province of Balochistan, Pakistan.