Home / Knowledge / News / Textiles / FDI inflows into India up 25% in April-Oct period
FDI inflows into India up 25% in April-Oct period
29
Dec '14
Foreign direct investment (FD) inflows into India have surged by around 25 per cent from a year ago, in the April-October period of the current fiscal year.

In the seven months to October 2014, FDI rose some 25 per cent from $13.82 billion in the period April to October 2013, commerce and industry minister, Nirmala Sitharaman said.

She said improvement in investor sentiment and macroeconomic situation due to a series of measures taken by the new government helped attract the higher FDI.

Speaking at the inaugural session of the ‘Make in India’ workshop, Nirmala Sitharaman said there still remain a number of challenges to make India a global manufacturing hub.

“These need to be identified and an action plan has to be evolved to overcome them,” she added. She acknowledged that infrastructure needs to be focused upon to ‘Make in India’ program successful.

The minister was of the opinion that a strong manufacturing sector has the potential to hike economic growth, which in turn would provide jobs to youth.

According the minister, the government has taken several steps to reduce red tape and trim down existing laws and hiked IT use to make governance effective.

Meanwhile, Ajit Seth, the cabinet secretary said the government has launched an e-Biz portal, which offers single window clearances and approvals for the industry.

According to him, various central and state government services had been integrated with the website and more government services will be integrated within a few more days.

Eighteen sessions were held as part of the workshop in which 25 ministries and all states came together to build a road map to make the ‘Make in India’ program a success.

Sessions were held on different sectors like capital goods, pharmaceuticals, oil and gas, petrochemicals, etc. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Indonesia, Australia to sign CEPA in March

Textiles | On 16th Feb 2019

Indonesia, Australia to sign CEPA in March

Indonesia will sign a comprehensive economic partnership agreement...

Accord notes lack of progress in transition in Bangladesh

Apparel/Garments | On 16th Feb 2019

Accord notes lack of progress in transition in Bangladesh

The Accord recently expressed deep concern over the lack of progress...

Uzbek Prez signs decree for further textile sector reforms

Textiles | On 16th Feb 2019

Uzbek Prez signs decree for further textile sector reforms

Uzbek President Shavkat Mirziyoyev signed a decree recently for...

Interviews View All

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Urmil Arya,

Urmil Arya

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

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

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

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


February 2019

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

news category


Related Categories:

Advanced Search