India’s Commerce Minister Reports 48% Increased FDI

Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India‘ initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the previous year.

Nirmala Sitharaman, Minister for Commerce and Industry

Nirmala Sitharaman, Minister for Commerce and Industry

The ‘Make in India’ program aims at promoting India as an important investment destination and a global hub for manufacturing, design and innovation. Japan, China, France and South Korea have announced their intention to make huge investments in India in various industrial and infrastructure projects, reports Knowledge and News Networks.

August 8, 2015   No Comments

FDI Confidence Index 2015 Ranks India at 11th Place

IBN Live reports, India was ranked 11th among countries attracting Foreign Direct Investment last year. This ranking is per a survey conducted by AT Kearney.

2015 FDI Confidence Index Ranking and Scores

August 8, 2015   No Comments

India’s Telecom Sector Witnesses Surge in Foreign Direct Investment

Live Mint reports that the explosive growth in data consumption is taking India’s telecom sector to its next stage of growth, and foreign investments have seen a surge because of it.

India permitted 100% foreign direct investment in the telecom sector in July 2013, and the first 10 months  of  FY 2015 (ending January 2015) saw record investments.

FDI in Telecom

FDI in Telecom

June 24, 2015   No Comments

India FDI Inflows Reach a Record High

Nomura Global Markets Research disclosed that net foreign direct investment inflows to India have touched a record high of $34.9 billion in the fiscal year that ended March 2015, as can be seen in the chart below.

Fund Inflows

Fund Inflows

Net FDI inflows touched 1.7% of  GDP in the just-ended fiscal year, up from 1.1% of GDP the previous year, since there was more inbound FDI due to growing investor confidence in India and lower outbound FDI as global growth remains anemic, Nomura said in a note. Foreign investment inflows to India are predominantly to the infrastructure, telecom, oil and gas, and mining sectors, as well as the services sector reports Live Mint.

According to Nomura, FDI inflows may pick up further in FY16 because of an improving domestic growth outlook, recent liberalization of FDI limits and government efforts to improve the ease of doing business in India.

June 3, 2015   No Comments

India’s Commerce Minister Vows a Higher Growth Trajectory

 

Nirmala Sitharaman, Minister for Commerce and Industry

Nirmala Sitharaman, Minister for Commerce and Industry

Nirmala Sitharaman is an avid reader, an aficionado of Indian classical music and a graduate of Economics. She has worked with Price Waterhouse in London as a senior manager for research and analysis;  she helped East European economies adapted to Western audit and marketing systems. On returning to India she joined the National Commission for Women, where she supported the cause of women empowerment.

She joined the BJP in 2008 and was a member of the National Executive. When the party won the general elections this year, she was nominated the Minister of State for Commerce and Industry. Since then, India has liberalized foreign direct investment in defense, railway infrastructure and real estate.

She has promised that the government would create a business-friendly atmosphere to boost the manufacturing sector. “We want to chart out new path wherein business entities are extended a red carpet welcome… We are fully committed to delicensing, deregulation and radical changes. We have an open mind,” she said at the launch of the ‘Make in India’ campaign. The campaign, aimed at harnessing the untapped potential of the country in the manufacturing sector which now contributes only about 15 percent to the GDP, is not a slogan but a mission to be accomplished with a single-minded commitment, she said.

Sitharaman and her staff have identified 25 priority sectors including pharmaceuticals, automobiles, textiles, aviation, mining, and chemicals. In these sectors, substantial work has been done to identify growth drivers, investment opportunities, foreign direct investment policies, and specific reasons to invest, the trade minister said. “We are fully committed to taking India on a higher growth trajectory and we want to make India a global manufacturing destination,” she added.

 

 

 

 

November 20, 2014   No Comments