Home / Knowledge / News / Textiles / FDI equity inflow rises 66% in last 2 fiscals: PM Modi
FDI equity inflow rises 66% in last 2 fiscals: PM Modi
11
Jan '17
Prime Minister Narendra Modi addressing at the Vibrant Gujarat Global Summit 2017 in Gandhinagar, Gujarat. Courtesy: PIB
Prime Minister Narendra Modi addressing at the Vibrant Gujarat Global Summit 2017 in Gandhinagar, Gujarat. Courtesy: PIB
The foreign direct investment (FDI) equity inflow in India has increased by 66 per cent in the last two fiscals compared to two years before that, said Prime Minister Narendra Modi. The total FDI inflows in the last two and a half years has touched the $130 billion mark owing to the steps taken by the government to improve the business climate of India.

The total FDI inflows received in the last one year was the highest ever for India, said PM Modi while addressing the investors attending the Vibrant Gujarat Summit in Gandhinagar. He also said that the ‘Make in India’ initiative has turned into the biggest brand of the country.

Various countries are bringing FDI to India, which has been routed to diversified sectors in the last two years. India is now one of the top ten countries in terms of FDI inflow and it is the leading recipient of investment in the Asia-Pacific region, said media reports quoting the Prime Minister.

India is also providing higher returns on investment compared to other countries, according to Modi. The liberalisation of the FDI regime by the government in various sectors has led India to become an open economy.

Modi also said that his top priority is to attract business and create a business environment to open up new avenues for the country’s youth.

A higher emphasis has also been placed on ease of doing business in India. Important steps have been taken by the government to ease the licensing process and rationalise the procedures related to inspections, returns and clearances. In order to offer good governance, the government is monitoring the implementation of multiple action points in various sectors to improve the regulatory framework, added Modi.

The policies and practices have a positive impact and the government is working on rationalising them further in order to ensure further establishment and growth of businesses, said the PM. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Textiles | On 24th Apr 2018

Pakistan’s textile exports up 7.77% in July-March FY18

The value of textile and garment exports from Pakistan increased by...

Alliance to form joint entity for safety in factories

Apparel/Garments | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Urmil Arya

Sushila International, a well established textile organisation established ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search