New Delhi, June 6 (IANS) Commerce and Industry Minister Piyush Goyal said that FDI (FDI) is now coming from 112 countries in India, while the figure was 89 in 2013-14. This gives information about the increase in global appeal of the country.
Addressing the Investor Roundteable at the Commerce Bhawan located in the national capital, the Union Minister said that the success story of India’s FDI (FDI) is not only about impressive figures, but it is also a reflection of visionary reforms, policy clarity and the trust of the global community in India’s economic future.
Highlighting the investor-friendly policy system, he said that now up to 100 percent FDI from automatic route is allowed in most sectors.
More than 90 delegates including major companies, industrial parks and parties of industrial associations participated in the roundate. In this program, more than 50 industrial parks from states like Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka and Tamil Nadu were represented.
Amardeep Singh Bhatia, Secretary, Department of Industry and Internal Trade Promotion (DPIIT), said in his address that FDI is the cornerstone of India’s development and is a major indicator of global belief in India’s capacity.
He invited ideas and suggestions from investors to increase reinforcement within the country, improve the infrastructure of the industrial park and find out new expansion opportunities.
The Secretary of DPIIT also emphasized the importance of policy interventions targeted to further increase foreign investment. He also urged major investors to increase their operations, invest in startups and contribute to India’s growing investment pace.
In the program, participants from various fields appreciated the active policy measures and liberal investment criteria of the government, which has increased the situation as India’s attractive investment destination.
The parties also shared suggestions on important areas such as land and labor reforms, skill development, center-state policy coordination, increasing FDI limit in research and development in various fields and promoting investment in manufacturing and green energy.
-IANS
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