Latest news with #AmardeepSinghBhatia
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Business Standard
5 days ago
- Business
- Business Standard
FDI hits $81 billion in 2024-25, highest in three years: DPIIT Secretary
Foreign direct investments (FDI) in the country rose to a three-year high of $81 billion in 2024-25 and are expected to grow further, a top government official said on Thursday. Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), said that increased investments by Indian industry in other countries demonstrate the fact that they are realising they have to grow. "They not only need to be focussed internally, they also need to acquire technology, need to secure resources and gain greater market access in other countries," he said here at a CII event. Bhatia said that the free trade agreements that India is signing will provide opportunities for all businesses. The production-linked incentive schemes for sectors like electronics are helping to boost manufacturing. He urged the industry to look beyond the uncertainties, which are short-term in nature, and rather adopt a longer-term horizon to truly capitalize on the emerging opportunities. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
5 days ago
- Business
- News18
FDI into India expected to grow further: DPIIT Secy
Agency: Last Updated: New Delhi, May 29 (PTI) Foreign direct investments (FDI) in the country rose to a three-year high of USD 81 billion in 2024-25 and are expected to grow further, a top government official said on Thursday. Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), said that increased investments by Indian industry in other countries demonstrate the fact that they are realising they have to grow. 'They not only need to be focussed internally, they also need to acquire technology, need to secure resources and gain greater market access in other countries," he said here at a CII event. Bhatia said that the free trade agreements that India is signing will provide opportunities for all businesses. The production-linked incentive schemes for sectors like electronics are helping to boost manufacturing. He urged the industry to look beyond the uncertainties, which are short-term in nature, and rather adopt a longer-term horizon to truly capitalize on the emerging opportunities. PTI RR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) First Published: May 29, 2025, 22:15 IST
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Business Standard
5 days ago
- Business
- Business Standard
FDI inflows set to grow further, says DPIIT secretary at CII summit
Foreign direct investment (FDI) inflows are expected to grow further, building on the elevated levels seen over the past four to five years, said Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), on Thursday. Speaking at the Annual Business Summit 2025 hosted by the Confederation of Indian Industry (CII), Bhatia said, 'We expect this inflow to grow further. And if you see the last four, five years, this normal—if you can call it a normal of FDI which used to be added over—has stepped up to a much higher level. And the interest of foreign investors is on account of the positive story which is seen by them when looking from the outside into the country.' He added that while there may be some debate around the FDI figures, India received around $81 billion in foreign direct investment during the last fiscal—the third-highest ever, with the peak being $84 billion. 'We expect this inflow to grow further,' he reiterated. Bhatia further said, 'We should look at investments with a long-term horizon—returns over eight to ten years or even more. A larger, longer investment outlook can yield maximum returns. And I see no reason why domestic investment should lag, especially when we have very supportive policies in place.' 'We have industrial corridors, building industrial parks. We have a number of sector-specific schemes which are also focused at promoting rising with that industry. We have a very successful scheme which is focused on electronic and electronic components,' he added. Bhatia stressed the role of start-ups and innovation. 'We are building a vibrant start-up ecosystem through incubators and industry–academia linkages. Start-ups must be integrated into industry to drive new products, new processes, and scale.' 'If domestic investment is strong, it acts as a multiplier—three to four times more attractive for foreign capital. With government and industry working together, and a young, skilled population, India is well positioned to sustain high growth in the years ahead,' he added. 'To unlock trade partnerships between India and Australia this year, the Australian Prime Minister launched a new roadmap for economic engagement with India. It identifies four super-highways of growth: clean energy, education and skills, agribusiness, and tourism,' said Tim Thomas, CEO, Australia India Centre. Bhatia also highlighted how India is emerging as a reliable and attractive destination for investment, even amid global uncertainty. 'Today's uncertainty is more external than internal,' Bhatia noted, pointing to the post-COVID realignment of global trade relations and supply chains. 'Companies are increasingly seeking to diversify manufacturing bases to build resilient value chains. This has created opportunities for India.' He emphasised the momentum behind India's bilateral trade engagements, including agreements with the UAE, Australia, and the UK. 'These pacts are opening up new markets and expanding our global footprint,' he said. Bhatia also highlighted India's economic stability, with projected GDP growth of 6.5 per cent annually over the next few years. 'This is not just about resilience—it's about sustained performance. Our clear goal is to become a Viksit Bharat by 2047, and we've laid out a stable policy roadmap to achieve that,' he said.
The Sun
27-05-2025
- Business
- The Sun
APO concludes 67th Governing Body Meeting in Jakarta with new leadership, strategic roadmap
KUALA LUMPUR: The Asian Productivity Organization (APO) concluded its 67th Governing Body Meeting (GBM) in Jakarta on a high note, setting the course for the organisation's future through key leadership changes and strategic discussions. The annual meeting, hosted by the Government of the Republic of Indonesia from May 20 to 22, brought together over 50 delegates from member countries to chart the APO's direction amid shifting global productivity trends. The 67th GBM saw numerous important leadership transitions. APO Director for India Amardeep Singh Bhatia was elected Chair for 2025–26, taking over from APO Director for Fiji Jone Maritino Nemani, while APO Director for Indonesia Agung Nur Rohmad and APO Director for the Islamic Republic of Iran Dr Mohammad Saleh Owlia were also appointed as First and Second Vice Chairs, respectively. According to a statement, the Governing Body also re-elected Dr Indra Pradana Singawinata of Indonesia for a second term as Secretary-General from September 2025 to 2028, reflecting strong support for his leadership. Opening the session, Chair Bhatia underscored India's dedication to the APO's vision of inclusive and sustainable productivity and highlighted the progress made on developing the Green Productivity (GP) 2.0 ecosystem. His remarks emphasised India's role in strengthening institutional efficiency and innovation-driven collaboration across the region. The meeting was inaugurated by Indonesia's Minister of Manpower, Professor Yassierli, who stressed the need for collective action in response to economic uncertainty, technological change, and sustainability challenges. He praised the APO's role in fostering solidarity through shared solutions and region-specific initiatives like GP. Delegates deliberated on several key priorities, including the post-2025 vision framework, reforms to the membership contribution formula, and strengthening of the APO Secretariat's digital systems. The meeting also reviewed governance improvements based on third-party assessments, reaffirming the APO's commitment to transparency and accountability. Milestones announced included the accreditation of the Development Academy of the Philippines to operate the Productivity Specialist certification scheme and the expansion of Indonesia's national certification body. These developments mark progress in building a regional workforce aligned with productivity standards. The GBM also welcomed observers from the United Nations Industrial Development Organization and the Republic of Uzbekistan, signalling the APO's growing engagement with international and nonmember stakeholders. The session concluded with a celebratory announcement from Chair Bhatia confirming that India will host the 68th Governing Body Meeting in 2026, continuing its leadership in regional productivity advancement.
The Sun
27-05-2025
- Business
- The Sun
APO ends 67th meet in Jakarta with new leaders, roadmap
KUALA LUMPUR: The Asian Productivity Organization (APO) concluded its 67th Governing Body Meeting (GBM) in Jakarta on a high note, setting the course for the organisation's future through key leadership changes and strategic discussions. The annual meeting, hosted by the Government of the Republic of Indonesia from May 20 to 22, brought together over 50 delegates from member countries to chart the APO's direction amid shifting global productivity trends. The 67th GBM saw numerous important leadership transitions. APO Director for India Amardeep Singh Bhatia was elected Chair for 2025–26, taking over from APO Director for Fiji Jone Maritino Nemani, while APO Director for Indonesia Agung Nur Rohmad and APO Director for the Islamic Republic of Iran Dr Mohammad Saleh Owlia were also appointed as First and Second Vice Chairs, respectively. According to a statement, the Governing Body also re-elected Dr Indra Pradana Singawinata of Indonesia for a second term as Secretary-General from September 2025 to 2028, reflecting strong support for his leadership. Opening the session, Chair Bhatia underscored India's dedication to the APO's vision of inclusive and sustainable productivity and highlighted the progress made on developing the Green Productivity (GP) 2.0 ecosystem. His remarks emphasised India's role in strengthening institutional efficiency and innovation-driven collaboration across the region. The meeting was inaugurated by Indonesia's Minister of Manpower, Professor Yassierli, who stressed the need for collective action in response to economic uncertainty, technological change, and sustainability challenges. He praised the APO's role in fostering solidarity through shared solutions and region-specific initiatives like GP. Delegates deliberated on several key priorities, including the post-2025 vision framework, reforms to the membership contribution formula, and strengthening of the APO Secretariat's digital systems. The meeting also reviewed governance improvements based on third-party assessments, reaffirming the APO's commitment to transparency and accountability. Milestones announced included the accreditation of the Development Academy of the Philippines to operate the Productivity Specialist certification scheme and the expansion of Indonesia's national certification body. These developments mark progress in building a regional workforce aligned with productivity standards. The GBM also welcomed observers from the United Nations Industrial Development Organization and the Republic of Uzbekistan, signalling the APO's growing engagement with international and nonmember stakeholders. The session concluded with a celebratory announcement from Chair Bhatia confirming that India will host the 68th Governing Body Meeting in 2026, continuing its leadership in regional productivity advancement.
