foreign direct investment


Latest from foreign direct investment

FM rejects claims of more foreign companies leaving country than entering

Nirmala Sitharaman said many foreign companies have invested in India through local subsidiaries and FDI has increased by USD 9,000 million since 2018-19

Union finance minister Nirmala Sitharaman. (ANI)
Published on Dec 04, 2023 09:55 PM IST
ByShriya Ganguly

Govt approves policy to double exports

The Maharashtra government has approved a policy to increase the state's exports from 7% to 14% and attract $3.4bn in foreign direct investment. The policy aims to raise exports from $72bn to $150bn, develop export-oriented infrastructure, and achieve a 22% share in the country's $1tn export target by 2030. The government will provide financial assistance for export-oriented projects and industrial parks, as well as incentives such as insurance cover and interest subsidy for MSMEs. The policy also incorporates incentives from the central government's Production Linked Incentive schemes.

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Updated on Nov 09, 2023 07:02 AM IST

ED arrests Lava MD, three others in Vivo case

On Tuesday, the ED revealed that Vivo remitted over ₹ 1 lakh crore out of India since its inception in 2014

The federal agency’s probe under the Prevention of Money Laundering Act (PMLA) against Vivo, started in 2022 (Representative photo)
Updated on Oct 11, 2023 06:54 AM IST
ByNeeraj Chauhan, New Delhi

7,553-crore FDI in 4 yrs: Punjab at 12th spot, but behind Haryana

Punjab has received a cumulative foreign direct investment (FDI) of ₹7,552.89 crore (US $ 1,013.60 million) in the last four years

Punjab has received a cumulative foreign direct investment (FDI) of <span class='webrupee'>₹</span>7,552.89 crore (US $ 1,013.60 million) in the last four years
Updated on Aug 30, 2023 01:09 AM IST

State attracts highest FDI in first quarter; Fadnavis credits Shinde

Maharashtra has secured the top position in Foreign Direct Investment (FDI) in the first quarter of the current financial year, attracting investments of ₹36,634 crore. The state had received ₹1,18,422 crore in FDI last year. Under the leadership of Chief Minister Eknath Shinde, Maharashtra has become the favorite destination for investors, according to Deputy Chief Minister Devendra Fadnavis. However, the government has faced criticism after some major projects were shifted to other states.

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Updated on Aug 29, 2023 12:45 AM IST
By, Mumbai
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