Home / Knowledge / News / Textiles / FDI inflow up by 37%, India 3rd best host economy
FDI inflow up by 37%, India 3rd best host economy
21
Jul '16
With Foreign Direct Investment inflows rising by 37% from $ 62.39 billion to $ 85.75 billion between October 2014 and May 2016, India has been ranked 3rd in the list of top prospective host economies for 2016-18, Parliament was informed today.

During the period, FDI equity inflow increased by 46% from $ 42.31 billion to $ 61.58 billion compared to previous 20 months (February, 2013 to September, 2014), prior to the launch of the Prime Minister's ambitious “Make in India” initiative aimed at promoting the country as an important investment destination and a global hub for manufacturing, design, and innovation.

India has also been ranked 3rd in the list of top prospective host economies for 2016-18 in the World Investment Report (WIR) 2016 of UNCTAD, Union Minster of state for Commerce and Industry, Nirmala Sitharaman said in a written reply in Rajya Sabha.

FDI equity inflow for the textiles sector during the post make in India launch period was $366.90 million, the Minster stated and clarified that company wise classification of the investment based on the programme is not maintained centrally.

However, sector-wise details of investment received through Foreign Direct Investment (FDI) equity inflows after launch of `Make in India' programme in September, 2014, are detailed Annexure-I, that can be accessed at http://pib.nic.in/newsite/erelease.aspx?relid=0/147320

To further boost the investment environment and attract more FDI, the Government is taking various measures like relaxing rules in many sectors and improving the ease of doing business in the country.

While, steps are being taken for development of support infrastructure to facilitate setting up of industries such as transport infrastructure, utility infrastructure etc, the Department of Industrial Policy and Promotion (DIPP) has advised ministries and state Governments to simplify and rationalize the regulatory environment through business process reengineering and use of information technology, she said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


July 2018

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

news category


Related Categories:

Advanced Search