I&B sector attracts ₹6,058 crore FDI in H1 of FY24

2023-12-05 17:29:45 The information and broadcasting (I&B) sector has attracted foreign direct investment (FDI) worth ₹6,058 crore in the first half of FY24, surpassing the previous fiscal’s FDI inflow of ₹3,745 crore. As per data sourced from the Department for Promotion of Industry and Internal Trade (DPIIT), the sector accounted for 3.6% of the overall … Read more

Sharp decline in FDI into India from Cayman Islands, Cyprus during April-Sep

2023-12-03 05:02:23 Foreign direct investment (FDI) into India from Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period … Read more

Out of Rs 1 lakh cr worth of FDI proposals from nations sharing land border with India, half is cleared: Official

2023-12-03 08:31:22 The government has received foreign direct investment (FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April … Read more

fdi: FDI shrinks 7.8% in second quarter of FY24

2023-11-21 14:12:54 Foreign direct investment (FDI) equity inflows in the July-September quarter of FY24 shrank 7.7% to $9.5 billion, data released by Department for Promotion of Industry and Internal Trade (DPIIT) showed. The inflows were $10.3 billion a year ago. The total FDI, which includes equity inflows, reinvested earnings and other capita, into India declined … Read more

FTA: DPIIT proposes to engage consultancy agency to draw reservation list to be used in FTA talks

2023-11-09 14:44:36 The Department for Promotion of Industry and internal trade (DPIIT) has proposed to engage a consultancy agency to draw a reservation list to be used during negotiations of a free trade agreement (FTA). The list deals with items which do not qualify for commitments under a trade agreement. The DPIIT, being the nodal … Read more

Foreign Direct Investment: As global companies chart course for India, FDI set to rise

2023-11-08 01:25:54 Overall foreign direct investment (FDI) into India may have declined but there are reasons to be sanguine with the country seeing interest in greenfield investments amid the first-ever decline posted by China, experts said. Last week, in a detailed presentation to the finance ministry, the United Nations Conference on Trade and Development (UNCTAD) … Read more

india: India’s rating should reflect its potential: Kaushik Shaparia, CEO of Deutsche Bank Group, India

2023-09-17 19:13:40 Given strong economic fundamentals, India’s sovereign rating should be much higher than what it is, although more needs to be done to convert the burgeoning global interest in the country into actual investment, Kaushik Shaparia, CEO of Deutsche Bank Group, India, told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts: … Read more

US alone accounted for 17 percent of FDI in FY’23

2023-09-12 13:49:27 The United States was the largest source of foreign direct investment -FDI – in India in 2022-23, a census of foreign assets and liabilities of firms having both inward and outward liabilities conducted by the Reserve Bank of India showed. The census results showed that the United states followed by Mauritius, the United … Read more