Make in India
Development of a robust manufacturing sector is a key priority of Indian Government. The sector has the potential to not only take economic growth to a higher trajectory, but also to provide employment to a large pool of our young labour force. “Make in India” campaign launched on September 25, 2014 provides investors – both domestic and overseas – a conducive environment to manufacture in India and at the same time will also create job opportunities. “Make in India” also represents an attitudinal shift in how India relates to investors: not as a permit-issuing authority, but as a true business partner. Pillars of Make in India are bringing in ease of doing business; providing an enabling ecosystem; opening up and liberation of FDI in key sectors and providing deep facilitation support to investors through Invest India, the National Investment Promotion and Facilitation Agency.
FDI has shown an extremely positive trend since the launch of Make in India with growth of more than 50% since the launch of the initiative. Some of the global rankings where India has shown improvements after Make in India launch are highlighted below:
- India moved up to the sixth position amongst the world’s leading manufacturers. (Source: UNIDO)
- India has jumped 15 spots to reach 66th position in 2016 in global innovation index. (Source: WIPO)
- India improved its performance as per the Logistics Performance Index by 19 positions (Source: The World Bank)
- India has jumped 32 places to the 39th rank in two years in the Global Competitiveness Index (Source: World Economic Forum)
- India was rated as the most preferred investment destination for global investors in 2015 by Ernst Young.
With the country’s economy recording a staggering 7.6% growth in the last year and investments pouring in from global industry corporations post Make in India launch (see marquee investors under Investor Desk), India is showing a future filled with opportunities.
NEW DELHI—India’s government on Monday eased foreign-direct investment restrictions in several sectors to increase inflows, a move that also could pave the way for Apple Inc. to open its own stores in one of its main growth markets.
A surge in cross-border mergers and acquisitions boosted global foreign direct investment flows around the world last year to $1.76 trillion, the most since the 2008-2009 financial crisis, the United Nations said in a study.
The ‘Foreign Direct Investment in Latin America and the Caribbean’ 2015 report published by Economic Commission for Latin America and the Caribbean (ECLAC) showed that Mexico recorded inflows of US$ 22.795 billion in 2014. Brazil continues to be the largest recipient of FDI in the region, though inflows US$ 62.495 billion, while Chile remains the … Continue reading Organisers of Annual Investment Meeting 2016 call for building investment bridges between Middle East and South America
The role of foreign direct investment into the continent remains significant: on average the government budgets of African countries currently depend on corporates domiciled in other countries for 14% of their funding.
Africa is now positioning itself as a major business opportunity for investors, according to ICAEW’s latest Economic Insight report.
China’s outbound direct investment (ODI )is expected to surpass $1 trillion for the first time in 2015, as slowing economic growth and rising internationalisation of Chinese business see more local companies investing overseas.
When the PM travels to the US this week to woo businesses there, one of the key facts that the government will be tomtoming about is the surge in foreign direct investment since Narendra Modi took over and how his personal touch has helped.
Foreign direct investment (FDI) in Turkey reached $3.39 billion in July, according to a report from the Ministry of Economy on Sept. 30.
The total volume of foreign investments in the UAE, at present a regional base for over 500 international companies, exceeded $100 billion in the past 10 years, Minister of Economy Sultan bin Saeed Al Mansouri said on Wednesday.
NEW DELHI: India has emerged on top of the foreign direct investment league table, overtaking China and the United States, according to the FT data service.