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Amid FDI slump, focus turns on chemical, leather and electronics
Amid FDI slump, focus turns on chemical, leather and electronics

Economic Times

time2 days ago

  • Business
  • Economic Times

Amid FDI slump, focus turns on chemical, leather and electronics

Synopsis The government is actively working to attract more foreign direct investment (FDI) into sectors like chemicals, ESDM, leather, and footwear, collaborating with states to diversify supply chains. This push comes amid a drop in FDI equity inflows, with a focus on achieving an annual target of $100 billion. Efforts to ease business operations continue through the Jan Vishwas 2. The government has identified chemicals, ESDM (electronics system design & manufacturing), leather and footwear as sectors in which it wants to attract more foreign direct investment (FDI). It's also working with states on a larger plan to encourage investment from 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."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."The key sectors attracting the maximum inflows include services, computer software and hardware, telecommunications, trading, construction development, automobile, chemicals and pharmaceuticals. 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 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 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 the Jan Vishwas (Amendment Of Provisions) Act 2023, around 183 provisions in 42 Acts related to 19 departments were 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.

Amid FDI slump, focus turns on chemical, leather and electronics
Amid FDI slump, focus turns on chemical, leather and electronics

Time of India

time2 days ago

  • Business
  • Time of India

Amid FDI slump, focus turns on chemical, leather and electronics

The government has identified chemicals, ESDM (electronics system design & manufacturing), leather and footwear as sectors in which it wants to attract more foreign direct investment (FDI). It's also working with states on a larger plan to encourage investment from overseas. 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.

Live from Parliament: Monsoon Session Opens with Operation Sindoor and Global Ceasefire Talks in Spotlight
Live from Parliament: Monsoon Session Opens with Operation Sindoor and Global Ceasefire Talks in Spotlight

Hans India

time21-07-2025

  • Politics
  • Hans India

Live from Parliament: Monsoon Session Opens with Operation Sindoor and Global Ceasefire Talks in Spotlight

As Parliament gets set for the Monsoon session 2025 beginning today (July 21), the government will discuss issues of national importance such as Operation Sindoor and the ceasefire claims of the US' former President Donald Trump." The current Lok Sabha session will have 21 sittings over 32 days and will conclude on August 21. The Houses will take a recess on August 12, 2025, and reassemble on August 18, after the Independence Day holiday." An aggregate of 17 bills are anticipated to be tabled, 7 pending bills have been listed for consideration and end and 8 fresh bills have been listed for preface, consideration and end. The Indian Institutes of Management( Amendment) Bill, 2025; The Jan Vishwas( Correction of vittles) Bill, 2025; The National Sports Governance Bill, 2025; The National Anti-Doping( Amendment) Bill, 2025; The Mines and Minerals( Development and Regulation Amendment Bill, 2025; The Geoheritage spots and Geo- bones( Preservation and conservation) Bill, 2025. A meeting with leaders of political parties was held on July 20 to discuss matters related to the upcoming India Parliament session agenda, 2025. While the Centre has accepted the Opposition's demand to hold a debate on Operation Sindoor, it is yet to take a call on the demand for a debate on the Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar. Parliament Live Updates Eight bills have been listed for introduction, consideration and passing in the Indian politics news. The Jan Vishwas( Correction of vittles) Bill, 2025 The Indian Institutes of Management (Amendment) Bill, 2025 Seven pending bills have been listed for consideration and passing in the Monsoon Session. These are:

Monsoon Session: LS Speaker calls for cooperation, constructive debate
Monsoon Session: LS Speaker calls for cooperation, constructive debate

Business Standard

time21-07-2025

  • Politics
  • Business Standard

Monsoon Session: LS Speaker calls for cooperation, constructive debate

Ahead of the commencement of the Monsoon Session of the Parliament, Lok Sabha Speaker Om Birla appealed to all political parties and members on Monday for cooperation and constructive discussions for the smooth functioning of the House. Referring to Parliament as a "sacred temple of democracy," Birla underlined that the functioning of the House relies on cooperation and constructive debate among members. In a social media post on X, the Lok Sabha Speaker wrote, "The fifth session (Monsoon Session) of the 18th Lok Sabha is commencing today. In this sacred temple of democracy, the collective role of all representatives is extremely important for the expression of public aspirations and the protection of national interests." "Before the Monsoon Session, I urge the leaders of all parties and honorable members to cooperate in the smooth functioning of the House, constructive discussions, and healthy democratic dialogue, so that we can take concrete steps toward inclusive development, social justice, and economic progress," Birla urged. He expressed hope that the Monsoon Session would be "dedicated to the dignity of democracy, the prestige of Parliament, and the priority of public welfare." The social media post said, "It is hoped that this Monsoon Session, dedicated to the dignity of democracy, the prestige of Parliament, and the priority of public welfare, will be meaningful and successful, and together we will make significant contributions toward strengthening democratic consciousness, unity in diversity, and constitutional values." The Monsoon Session of Parliament is set to begin today with the Opposition INDIA bloc gearing to corner Prime Minister Narendra Modi-led Centre on several key issues, including the Pahalgam terror attack, Operation Sindoor, Bihar Special Intensive Revision (SIR), and Air India (AI) 171 crash. In the upcoming session, the government is likely to introduce and pass the several bills including the Lok Sabha Manipur Goods and Services Tax (Amendment) Bill, 2025, Jan Vishwas (Amendment of Provisions) Bill, 2025, Indian Institutes of Management (Amendment) Bill, 2025, Taxation Laws (Amendment) Bill, 2025, Geo-Heritage Sites and Geo-Relics (Conservation and Maintenance) Bill, 2025, Mines and Minerals (Development and Regulation) Amendment Bill, 2025, National Sports Governance Bill, 2025, National Anti-Doping (Amendment) Bill, 2025. With a packed legislative agenda and an aggressive opposition, the Monsoon Session is expected to be politically charged. The government is likely to introduce and pass several key bills, which will be closely watched by the Opposition and other stakeholders. The Monsoon Session of Parliament is set to begin today. It will continue on August 21, with a break from August 12 to August 18. There will be a total of 21 sittings across 32 days. (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.)

US To Bihar, Opposition Ready With Laundry List As Monsoon Session Begins
US To Bihar, Opposition Ready With Laundry List As Monsoon Session Begins

NDTV

time21-07-2025

  • Politics
  • NDTV

US To Bihar, Opposition Ready With Laundry List As Monsoon Session Begins

New Delhi: Parliament is set for a stormy monsoon session, with the Opposition, spearheaded by the Congress, ready to corner the government on multiple issues, ranging from Pahalgam attack to electoral rolls in Bihar. Here are the top 10 points from this big story: The Congress has said it would seek reply from Prime Minister Narendra Modi about the lack of security that enabled terrorists to attack tourists with impunity in Jammu and Kashmir's Pahalgam. The party will also seek response to US President Donald Trump's claims about mediating a ceasefire between India and Pakistan and the Special Intensive Revision of electoral rolls in Bihar, Congress's communications in-charge Jairam Ramesh has posted on X, formerly Twitter. Also, "Our senior army officers have raised a very sensitive issue about the two-front axis that has been formed on our border with China, Pakistan and Bangladesh. So it is very important that we talk about defence and foreign policy," said Congress's Gaurav Gogoi after an all-party meeting ahead of the monsoon session. The party will also seek discussion on restoration of full statehood to Jammu and Kashmir, Schedule VI status for Ladakh, and the situation in Manipur. At the all-party meeting, attended by representatives from 51 political parties, Parliamentary Affairs Minister Kiren Rijiju appealed for cooperation to ensure smooth functioning of parliament. Rajya Sabha chairman and Vice President Jagdeep Dhankhar has also called for cooperation among political parties and highlighted the need for mutual respect. The government has a packed schedule, with multiple bills listed for discussion and passage. Eight new bills will be introduced and eight pending bills will be taken up for discussion. The key bills will include the Income-Tax Bill, introduced during the Budget Session in February. The bill and its amendments, adopted by the select committee, will be sent for passage after cabinet approval. Another key bill that would be taken up is the Jan Vishwas (Amendment of Provisions) Bill, which seeks to promote ease of doing business and improve regulatory compliance. The Monsoon Session will continue till August 21, with a break from August 12 to August 18. There will be 21 sittings across 32 days.

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