Latest news with #DPIIT
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Business Standard
4 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
4 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
4 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.
New Indian Express
6 days ago
- Business
- New Indian Express
FDI inflows up 14% to $81 billion; Singapore top contributor
Amid concerns over India's net foreign direct investment (FDI) plummeting 96% to just $0.4 billion in 2024–25, data from the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, paints a more nuanced picture. It shows that gross FDI inflows into India actually rose 14% to $81 billion during the year, up from $71.25 billion in 2023–24. Of the total FDI in 2024–25, around $50 billion came through the automatic or government approval routes, $23.5 billion was reinvested earnings, and another $6.5 billion came in as other capital. The services sector emerged as the top recipient of FDI equity, attracting 19% of total inflows, followed by computer software and hardware (16%) and trading (8%). FDI into the services sector rose sharply by 40.77% to $9.35 billion from $6.64 billion in the previous year. Meanwhile, FDI into manufacturing increased 18% to $19.04 billion compared to $16.12 billion in 2023–24. Among states, Maharashtra attracted the largest share of FDI equity inflows at 39%, followed by Karnataka (13%) and Delhi (12%). On the source country front, Singapore led with a 19% share, followed by Mauritius (10%) and the United States (7%). Inflow from UAE showed the highest growth of almost 50% to $4.3 billion.
Time of India
6 days ago
- Business
- Time of India
FDI inflows hit 3-yr high, grow 14% to $81 b in FY25
Foreign direct investment (FDI) equity inflow into India fell 24.5% on-year to $9.34 billion in January-March FY25, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed. FDI inflows in the year-ago period were $12.37 billion. Overall, the FDI equity inflows in FY25 were $50 billion, up 13% on-year from $44.4 billion in 2023-24. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew 14% to $81.04 billion in FY25, the highest in the last three years and 14% higher than $71.3 billion in FY24. "The government has put in place an investor-friendly FDI policy, under which most sectors are open for 100% FDI through the automatic route. This policy is reviewed on an ongoing basis to ensure that India remains an attractive and competitive investment destination," the commerce and industry ministry said in a statement. Live Events The services sector emerged as the top recipient of FDI equity in FY25, attracting 19% of total inflows, followed by computer software and hardware at 16% and trading at 8%. FDI into the services sector rose 40.77% to $9.35 billion from $6.64 billion in the previous year. "India is also becoming a hub for manufacturing FDI, which grew 18% in FY25, reaching $19.04 billion compared to $16.12 billion in 2023-24," the ministry said. Maharashtra accounted for the highest share (39%) of total FDI equity inflows in 2024-25, followed by Karnataka (13%) and Delhi (12%). Among source countries, Singapore led with 30% share, followed by Mauritius (17%) and the US (11%). As per the statement, in the regulatory domain, the government has undertaken transformative reforms across multiple sectors to liberalise FDI norms. "Between 2014 and 2019, significant reforms included increased FDI caps in defence, insurance and pension sectors, and liberalised policies for construction, civil aviation and single-brand retail trading," it said. Allowing 100% FDI under the automatic route in coal mining, contract manufacturing and insurance intermediaries were the other measures. "These trends reaffirm India's position as a preferred global investment hub, enabled by a proactive policy framework, an evolving business ecosystem and rising international confidence in India's economic resilience," it said.
