FDI in computer software, hardware jumps threefold in 2020-21
Business | May 31, 2021 14:20 ISTForeign direct investment (FDI) in computer software and hardware jumped over threefold to USD 26.14 billion during 2020-21
Foreign direct investment (FDI) in computer software and hardware jumped over threefold to USD 26.14 billion during 2020-21
Prime Minister Narendra Modi on Thursday held a "comprehensive" meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic.
India may have the best opportunity to attract foreign investment and replace China as the world's manufacturing hub, says US India Strategic and Partnership Forum (USISPF) president Mukesh Aghi.
A Delhi court on Wednesday granted bail to six secretaries, who were part of the Foreign Investment Promotion Board (FIPB) panel which granted approval to INX Media, in a corruption case being probed by the Central Bureau of Investigation (CBI).
Chief Economic Advisor Krishnamurty Subramaniam on Tuesday said India must tap foreign investment to trigger investment cycle that will lead to higher growth of 8 per cent which is needed for becoming a $5 trillion economy by 2025.
FPIs invested a net Rs 10,384.54 crore in June, Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February into the Indian capital markets.
Strongly objecting to government think tank Niti Aayog's proposal to transition to electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers by 2025, the two companies said the policy has not been made with adequate study and diligence.
During the period between May 2-10, FPIs invested a net sum of Rs 1,344.72 crore in equities but pulled out a net Rs 4,552.20 crore from the debt market, taking the total net outflow to Rs 3,207.48 crore, latest depositories data showed.
The chief minister is likely to return on September 28, they said.
According to the latest depository data, foreign portfolio investors (FPIs) pumped in Rs 2,409 crore into equities and Rs 5,168 crore into the debt market during August 1-17, taking the total to Rs 7,577 crore.
To the Korean businessmen, he said India is now ready for business and promised to do whatever is required to "promote and protect" their investment.
Market analysts attribute the recent inflow to improvement in global sentiment as well as the government's recent announcement on recapitalising state-run banks
Speaking at the India Energy Forum, Saudi Aramco CEO Amin H Nasser said the company is looking to invest in refineries and petrochemical projects in India.
India crossed the $300 billion (approx Rs 20.4 lakh crore) foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credentials as a safe investment destination in the world.
Nikki Haley has said that US businesses were “nervous about investing in India” and that there was a need for foreign companies to “know someone in the government” in order to do business here.
Aimed at reducing the number of tax disputes India is involved in with top multi-national companies, the government is now looking to expedite the resolution process and do so aggressively.
Finnish state-run utility Fortum Corp has said it will invest anywhere between Rs 1,500 crore to Rs 3,000 crore in India’s burgeoning solar energy sector. This will be the clean energy company’s first international foray as part of its diversificatio
Mumbai: Canada-based passenger trains manufacturer Bombardier has said it is in plans to develop India as the exports hub for its products and solutions to cater to Europe, South America and the Middle East markets."With
Mumbai: India has told the country's second largest mobile carrier Vodafone Group Plc that it may have to seize the company's India assets, if it fails to fulfil a tax demand of Rs 14,200 crore.
New Delhi: Issues pertaining to India's ease of doing business such as taxation, regulatory burdens and legal issues could impact American investments into India, US Ambassador Richard Verma said today. "On the trade and investment front,
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