New Delhi: Commerce and Industry Minister Piyush Goyal said India is now receiving foreign direct investment (FDI) from 112 countries as against 89 in 2013-14, indicating an increase in the country’s global appeal.
Addressing an investor roundtable at Vanijya Bhavan in the national capital, the Union minister said India’s FDI success story is not just about impressive numbers but is also a reflection of visionary reforms, policy clarity and the global community’s confidence in India’s economic future. Highlighting the investor-friendly policy regime, he said most sectors now allow up to 100 per cent FDI through the automatic route.
Over 90 delegates, including stakeholders from leading companies, industrial parks and industry associations, attended the roundtable. Over 50 industrial parks from states like Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka and Tamil Nadu were represented at the event. In his address, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia said that FDI is the cornerstone of India’s growth and a key indicator of global confidence in India’s potential.
He invited ideas and suggestions from investors to enhance reinvestment within the country, improve industrial park infrastructure and explore new expansion opportunities. Secretary, DPIIT also emphasized the importance of targeted policy interventions to further boost foreign investment. He also urged leading investors to consider scaling up their operations, invest in startups and contribute to India’s growing investment momentum.
Participants from various sectors at the event appreciated the proactive policy measures and liberal investment norms of the Government which have enhanced India’s position as an attractive investment destination. Parties also shared suggestions on key areas such as land and labour reforms, skill development, Centre-State policy coordination, increasing FDI limits in R&D in various sectors and promoting investments in manufacturing and green energy.
