Home / Knowledge / News / Textiles / 'Make in India' gives push to FDI
'Make in India' gives push to FDI
01
Feb '16
Foreign direct investment (FDI) attracted by India has improved considerably over the past 15 months after the launch of the 'Make in India' campaign by the Narendra Modi-led government, according to the Reserve Bank of India data.

Prime minister Narendra Modi's 'Make in India' initiative is aimed at turning the country into a global manufacturing hub to generate jobs, raise incomes and drive growth.

From September 2014 when the campaign was launched till November 2015, India received $62.6 billion in FDI, which is 31 per cent higher than the $47.6 billion FDI inflows registered in the preceding 15 months.

This is more than thrice the amount of net portfolio inflows of $14.3 billion in the same period. An analysis of the monthly trend in foreign investment shows that portfolio inflows has been more volatile while the long-term FDI was stable in most of the months during the 15-month period.

The government has been bringing persistent efforts to bring investment as a part of the 'Make in India' campaign. The surge in FDI is largely due to these initiatives by the government to attract investment in the manufacturing sector. The surge in FDI in India is noteworthy given that investment across the world has fallen by 16 per cent, said Amitabh Kant, secretary, Department of Industrial Policy and Promotion, at a recent event.

A sizeable amount of FDI is estimated to have gone to the manufacturing sectors. However a portion of the FDI has come in as private equity and venture capital funding, which helps finance entrepreneurs. The country's growth is being driven by public spending and consumption with private investment yet to commence substantially. (NA)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search