foreign investment
The government is considering making processes easier in some areas to attract more foreign direct investment (FDI) in the country. A government official gave this information. The Department of Industries and Internal Trade Promotion (DPIIT) has organized stake consultation with various government departments, regulators, industry associations, advisors and legal firms, pension funds, private equity and enterprise capital companies. The department sought their views on ways to further attract FDI in the country. It is noteworthy that FDI investment has declined in recent times. It has also affected the Indian rupee. The rupee has broken a lot against the dollar.
Consultation work completed
The official said, “We have completed counseling. The department has received suggestions on various issues. Things have not yet been finalized. The procedural front is being considered to make the criteria easier. ” However, the official did not say that in which areas the government is considering relaxing process. All allow e-commerce companies to obtain FDI in the inventory-based models of online business for export purposes only in issues raised in consultation; To make the press note-3 easier by defining beneficial ownership; And there was some changes in the policy for single-brand retail trade.
FDI increased rapidly in these sectors
According to the press note, government approval in any field is mandatory for investors of countries sharing land border with India. Foreign direct investment flows in India have crossed one thousand billion dollars milestones during the period of April 2000-September, 2024. Major areas that attract maximum flow of these include service sector, computer software and hardware, telecommunications, business, construction development, vehicle, chemicals and pharmaceuticals. In the April-September period of the current financial year (2024–25), investment in India rose 45 percent to $ 29.79 billion on an annual basis.
Latest business news