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Invest India

FDI in India rises up by 18% to reach USD 73 billion in 2019-20

Union Commerce and Industry Minister stated that the total Foreign Direct Investment (FDI) in India has grown by 18% to reach 73 billion in FY 2019-20. As per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), this jump in the investment has been the highest in four years. The Union minister further added that the total FDI has doubled up from 2013-14 when it was only USD 36 billion.

Govt identifies ‘’champion sectors’’ for hand-holding of various investments: Official

The government has identified "champion sectors" including leather, gems and jewellery, renewable energy, pharma and textiles, to provide hand-holding for investors with a focus on improving India''s manufacturing capabilities.  Asserting that India must regain its rightful place in manufacturing, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) said the whole world not only India has ceded the manufacturing space to a particular geography, in an apparent reference to China.