India becoming Major Destination for FDI Inflow

for Special Service and Features | Date - 20-04-2010


INDIA BECOMING MAJOR DESTINATION FOR FDI INFLOW

 

Global slowdown in FDI flow

Year on Year global M&A activity is now at its lowest level since the beginning of the global economic crisis at around 35% of the levels reached two years ago.

 

Government sets $50 FDI by 2012 &$75 by 2014

2014. These are not unrealistic targets and one would not be surprised FDI in-flows into India become more than that of China in the coming years.

 

Global Community wants Indiato grow

The World takes a benign view of India’s growth. We should take advantage of that (situation) because we don’t know how long it will last, Dr. Singh told reporters.

 

guru , who died in recently wanted Indiato become a manufacturing hub of the World. He was developing manufacturing strategy in collaboration with Planning Commission based on India’s core competences.

shops. Nearly 90% of retail trade is by small traders and shopkeepers in the country. But experience of the developed world show that retail chains and small shops can side by side as in United Statesand other developed countries.

 

Government keen to push FDI liberalisation further

that there is a need for further simplification and consolidation of the FDI policy framework, so as to make it more comprehensible to all investors and stakeholders.

Consolidated FDI policy announced

While consolidating the FDI policy documents, Government has ensured that overlapping policy statements, redundant instructions and outlived policy issues were weeded out.

 

Limit for FIPB approval raised to Rs 1200

helping the investors. Any foreign investment beyond Rs 1,200 crore only will have to go to cabinet for approval.

 

RTS/HN

SS-80/SF-80/20.04.2010

 

 

 

 

 

 

 



(This is an archive of the press release and has not been edited by our staff.)