30 Years Of Covering Mumbai
Home > Business > 48% Growth In FDI Equity Inflows Post 'Make In India' Announcement

48% Growth In FDI Equity Inflows Post 'Make In India' Announcement

Wednesday, July 15, 2015
By A Business Reporter

The growth in FDI has been significant after the launch of Make in India initiatives in September 2014, with a 48% increase in FDI equity inflows during October 2014 to April 2015 over the corresponding period last year. In 2014-15, the country witnessed an unprecedented growth of 717%, to US $ 40.92 billion of Investment by Foreign Institutional Investors (FIIs).

The FDI inflow under the approval route saw a growth of 87% during 2014-15 with inflows of US$ 2.22 billion ,despite more sectors having been liberalized during this period and with more than 90% of FDI being on automatic route.

“These indicators showcases remarkable the  pace of approval being accorded by the government and confidence of investors in resurgent India” says a Ministry of Commerce & Industry release, adding “The increased inflow of Foreign Direct Investment (FDI) in India especially in a climate of contracting worldwide investments indicates the faith that overseas investors have imposed in the country's economy and the reforms initiated by the Government towards ease of doing business.

The Make in India initiatives of the Government and its outreach to all investors have made a positive investment climate for India which is evidenced in the results for the last financial year especially the second half”.

The FDI inflow during the financial year 2014-15 was spread across the sectors evidencing the fact of positive eco-system of investment opportunities which India is now providing- Services Sector (US$ 3.2 billion), Telecommunication (US$2.8 billion), Trading (US$ 2.7 billion), Automobile Industry (US$ 2.5 billion), Computer Software & Hardware (US$ 2.2 billion), Drugs & Pharmaceuticals (US$1.5 billion) and Construction (Infra) activities ( US$ 0.75 billion).

Incidentally, the government had amended the FDI policy to further enable a positive investment climate and sync it with the vision and focus areas of the present Government such as affordable housing, smart cities, financial inclusion and reforms in railway infrastructure. The Construction Development Sector was allowed easy exit norms with rationalized area restrictions and due emphasis on affordable housing.

The FDI cap in insurance and pension sector has been raised to 49 per cent. 100 per cent FDI has been allowed in railway infrastructure (excluding operations) and also in the medical devices sector. Further the definition of NRI was expanded to include OCI cardholders as well as PIO cardholders. NRIs investment under Schedule 4 of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations will be deemed to be domestic investment made by residents, thereby giving flexibility to NRIs to invest in India.

The Foreign Policy Magazine in its present analysis on a vast number of parameters has rated India as the No.1 destination in the world. Frost & Sullivan, a US based agency has on number of indicators selected the Make in India initiative as the best initiative to drive manufacturing.

Facebook
Tweet
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:
Email:
Comments:
 
City news
Pappu Sushant Yadav who molested a girl in ...
All Opposition parties except the Congress are no
Chief Minister Devendra Fadnavis has made it clea
We are married since four years. I periodically d
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Job seekers will get exciting offers. Those in creative field or dealing with sales and marketing are bound to do well and earn recognition. Youngsters desirous of working in television media or airlines must meet the right people now to get some favorable response. You can get drawn into an alliance with a person difficult to forget. If you are prepared for the consequences then you can go ahead.
Tarot for Love
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)What the cards say: Have patience. The new energy has to settle Path: Please explore your options. Don’t just panic Ally: Taurus will calm you down. Avoid Leo who will push you harder Card for the week: Tarot key no. II The High Priestess. Look and turn inwards and understand your real needs and connect with them. Living on the surface may not give you the satisfaction that you seek
- Advertising -
Do you shiver even when it’s hot outside, you don
Sunday meals are our favourite, but most of us do
Do you want to enjoy a delicious meal, without ha
Read More