Amid FDI slump, focus turns on chemical, leather and electronics
The efforts come as FDI equity inflows dropped 24.5% to $9.34 billion in the March quarter from the year before. Net FDI inflows were $35 million in May, 98% lower from the year before and 99% lower than the $3.9 billion in April 2025.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Design Thinking
Leadership
Digital Marketing
Data Science
Project Management
Public Policy
MBA
healthcare
Others
PGDM
Product Management
Operations Management
Artificial Intelligence
Healthcare
Management
Data Science
Data Analytics
Finance
MCA
Technology
CXO
others
Degree
Skills you'll gain:
Duration:
22 Weeks
IIM Indore
CERT-IIMI DTAI Async India
Starts on
undefined
Get Details
"Invest India has identified some sectors and the department is also focusing on some," said an official. "There is a push to diversify supply chains and talks are happening even at the state level."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas For Sale in Dubai Might Surprise You
Villas in Dubai | Search Ads
Get Info
Undo
The key sectors attracting the maximum inflows include services, computer software and hardware, telecommunications, trading, construction development, automobile, chemicals and pharmaceuticals.
Live Events
Certain toy companies, as per the official, are keen to shift a part of their supply chains to India.
The Department for Promotion of Industry and Internal Trade (DPIIT) is discussing ways of attracting FDI with Andhra Pradesh and Karnataka, the official said.
"UP, Odisha, MP and Maharashtra are picking up in FDI," the person added.
The exercise is significant as India seeks to achieve an annual FDI of $100 billion from $70-80 billion now.
Jan Vishwas
Continuing with its efforts toward ease of doing business, the official said a cabinet note on the Jan Vishwas 2.0 legislation to decriminalise and deregulate certain laws, is in the final stages. The bill is scheduled to be introduced in the ongoing monsoon session of parliament.
The Jan Vishwas (Amendment of Provisions) Bill 2025 seeks to promote ease of doing business and improve regulatory compliance and more than 100 provisions in various laws could be decriminalised to further reduce legal complexities and the compliance burden.
"We have completed inter-ministerial consultations and the cabinet note is in its final stages," the official said.
Under the Jan Vishwas (Amendment Of Provisions) Act 2023, around 183 provisions in 42 Acts related to 19 departments were decriminalised.
Overall, more than 40,000 compliances across the country have been eliminated or simplified and there is a significant push to reduce the burden of criminalisation of many laws.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
8 minutes ago
- Mint
Q1 Results Today LIVE Updates: Defence firm BEL's net profit seen up 23%, revenue growth at 15% YoY on strong orderbook
Q1 Results Today LIVE Updates: Bharat Electronics Ltd (BEL), the state-run defence equipment manufacturer, is set to announce its Q1 results today. The board of directors of BEL is scheduled to meet today, 28 July 2025, to consider and approve the financial results for the first quarter of FY26. BEL Q1 Results Preview BEL is expected to report steady Q1 results today, led by a strong order book and continued focus of the government on manufacturing defence equipment domestically under the Make-in-India initiative. BEL net profit in Q1FY26 is estimated to grow 23% year-on-year (YoY), while the PSU defence company's revenue growth is expected to be 15% YoY, led by healthy execution of the outstanding order book of ₹ 7,170 crore, according to Nomura estimates. It expects order inflows of ₹ 7,350 crore, thereby growing by 48% YoY on the low base of Q1FY25. Further, EBITDA is expected to grow 27% YoY primarily led by a 155 bps expansion in gross margin due to softer raw material prices. Going ahead, analysts expect key things to watch out for in BEL Q1 results today include, order inflow prospects, update on QRSAM contracts and emergency procurement. BEL share price traded lower ahead of Q1 results today. Stay tuned to our Q1 Results Live Blog for the latest updates on BEL Q1 results. Follow updates here: 28 Jul 2025, 11:43 AM IST BEL Q1 Results Today LIVE: BEL share price traded over a percent lower on Monday ahead of the Q1 results today. BEL share price opened marginally higher at ₹ 395.75 apiece as against its previous close of ₹ 395.20 apiece on the BSE. The defence stock declined as much as 1.54% to ₹ 389.10 apiece on the BSE. 28 Jul 2025, 11:36 AM IST BEL Q1 Results Today LIVE: BEL is expected to report steady Q1 results today, led by a strong order book and continued focus of the government on manufacturing defence equipment domestically under the Make-in-India initiative. 28 Jul 2025, 11:32 AM IST BEL Q1 Results Today LIVE: Bharat Electronics Ltd (BEL), the state-run defence equipment manufacturer, is set to announce its Q1 results today. The board of directors of BEL is scheduled to meet today, 28 July 2025, to consider and approve the financial results for the first quarter of FY26.
Mint
10 minutes ago
- Mint
Shares to buy for the short term: Jigar Patel of Anand Rathi recommends THESE 2 stocks
Shares to buy for the short term: The Indian stock market has been in corrective mode for the last few weeks due to the delayed India-US trade deal, the foreign capital outlook, and uninspiring Q1 earnings. The Sensex and the Nifty 50 have been on losing streak for the last four consecutive weeks, on a weekly basis. So far this month, both indices are down nearly 3 per cent each. Last Friday, the Nifty 50 fell almost 1 per cent to end at 24,837, falling below its critical support of 25,000. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, underscored that the Nifty's reversal from 25,250 has brought it precariously close to a breakdown below the previous swing low at 24,850, a development considered negative for market sentiment. Patel pointed out that the index is now hovering around a crucial rising channel support, and a close below 24,800 could confirm this breakdown, placing the next support at 24,450 in the spotlight. A breach of the 24,450 may usher in a more pronounced corrective phase. On the upside, recapturing the 25,000 level will be essential for the bulls to regain momentum, said Patel. The expert further added that from a positioning perspective, the current long-short ratio in index futures has dropped below 15 per cent, signalling a predominance of short bets. "While this high concentration of shorts increases nervousness, it also raises the odds for a sharp short-covering rally if a positive trigger emerges. Until clearer signals appear, a cautious outlook on the broader time frame is recommended," said Patel. Jigar Patel recommends buying shares of TCS and Sun Pharma for the next two to three weeks. TCS has been on a downward trajectory since mid-May 2025, consistently forming lower highs and lower lows. This bearish structure has resulted in a correction of nearly ₹ 440 — a decline of approximately 12.32 per cent. However, the stock now stands at a technically significant zone, where both time and price confluence suggest a potential trend reversal. Historically, key pivot highs and lows in TCS have often occurred within a 25–38 day cycle. Interestingly, this window aligns with both the Lucas number (29) and Fibonacci number (34), adding credence to the time-based support. Adding to the technical outlook, a bullish Bat Harmonic Pattern is taking shape around the ₹ 3,080-3,100 mark, coinciding with the S1 quarterly floor pivot, reinforcing the likelihood of a strong base. Moreover, the MACD histogram is showing signs of exhaustion in negative momentum, with shrinking red bars indicating a possible shift in trend. "In light of these technical factors, traders may consider initiating long positions in the ₹ 3,140–3,100 zone in a staggered manner, targeting an upside move toward ₹ 3,430, with a protective stop loss at ₹ 2,965 on a daily closing basis,' said Patel. TCS technical chart Sun Pharma has formed a robust base in the ₹ 1,650–1,680 range, coinciding with the S3 Camarilla monthly pivot, signalling a key support zone. This area also aligns with a rising trendline and the lower median line of a pitchfork, creating a compelling technical confluence that could attract renewed buying interest. "The multiple support factors at play increase the probability of a bullish reversal from current levels. A decisive move above this consolidation zone could open the door for a fresh leg higher,' said Patel. Patel suggests an entry zone of ₹ 1,705–1,695 for the stock, with a target price of ₹ 1,800, and a stop loss of ₹ 1,650 on a daily closing basis. Sun Pharma technical chart Read all market-related news here
Time of India
21 minutes ago
- Time of India
Nvidia CEO Jensen Huang predicts: AI will create more millionaires in five years
Nvidia CEO Jensen Huang recently called AI the 'great technology equaliser of all time'. Speaking at an All-In podcast hosted by American venture capitalist Chamath Palihapitiya, Huang explained that in the era of AI, 'everybody is a programmer'. He further stated that the traditional gatekeeping of coding languages like C++, Python has faded, adding people now just need to talk to AI. 'Everybody is an artist now; everybody is an author now,' Jensen Huang said. Jensen Huang: 'AI will create more millionaires in 5 years' During the podcast, Jensen Huang also talked about the impact of AI on jobs. 'AI in my case is creating jobs; it causes people to create things that other people would like to buy. It drives more growth, more jobs, and all that goes together. AI is the greatest technology equaliser of all time,' the Nvidia CEO said. He forecasted that 'AI will create more millionaires in five years than the internet did in 20,' adding that he is worried that we are not moving fast enough to create jobs. Jensen Huang further warned that those who are not using AI will lose their job to someone with the knowledge of AI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas Prices May Surprise You (Prices May Surprise You) Sofas | Search Ads Search Now Undo Huang further predicted that in the future, every country will operate two factories – one physical and other digital. He gave an example of Elon Musk 's EV company Tesla, saying 'Tesla builds cars in one factory, and in another, it builds the AI that powers them'. In a related news, Huang discussed the scale of impact that small, focused teams of AI researchers can have and how Nvidia's success has translated into significant financial rewards for those in leadership. 'I've created more billionaires on my management team than any CEO in the world. They're doing just fine. Don't feel sad for anybody at my layer.' Jensen Huang said. He was responding to a question on the effectiveness and value of smaller AI teams. 'But the important big idea is that the impact of 150 or so AI researchers, with funding behind them, can probably create,' he noted. Jensen Huang gave examples of OpenAI which originally started with around 150 employees and China's DeepSeek which also has a similar workforce. Samsung Galaxy Watch8: AI on Your Wrist
