|
With positive sentiment rising for doing business in India, foreign direct investment in India is steadily pouring in. Measures such as investment strategies and handholding services being provided by several online facilitation platforms such as the Overseas Indian Facilitation Centre (OIFC) are paying off rich dividends. These platforms advise and facilitate overseas investors on foreign investment opportunities on sectors such as education, healthcare and information technology, on which they are beginning to accrue good returns on investment. The foreign direct investment (FDI) inflows to India stood at US$ 1,380 million during June 2010, according to the data released by the Reserve Bank of India in its monthly bulletin (August 2010). The FDI inflows stood at US$ 2,213 million in May 2010. The inflow of non-resident Indian (NRI) deposits at US$ 1,039 million during June 2010 was highest since US$ 1,434 million flowed in March 2010. The inflow of NRI deposits stood at US$ 1,324 million during the period April-end June 2010. On the investment aspect in industrial sector, trends in intermediate goods remained steady at 8.7 per cent, capital goods registered growth at 9.7 per cent, while basic goods (which include cement) growth stood at 3.4 per cent. With the FDI policy being subjected to reforms, the latest development is that of the issue of FDI in multi-brand retail being raised by both foreign investors and local retail businesses too. The government has brought out a discussion paper on the same and has allowed all concerned parties to voice their opinions on the same. An affirmative outcome is expected to boost all chances of roping in more and more foreign investors into the sector. The government has also recently granted approval to private global majors for making investments in India. Prominent amongst these are KKR Mauritius Cement Investments, which has proposed to invest Rs 715 crore indirectly through an investing company, while Shriram City Union Finance is planning to pour in FDI of Rs 697 crore by issuing warrants. US-based Alexandria Real Estate Equities plans to set up a unit to operate and manage fully-furnished, staffed and equipped facilities for medical professionals at an investment of Rs 500 crore, according to the Finance Ministry. Toyota Tsusho Corp's proposal to invest Rs 30 crore FDI in India for setting up a joint venture company for manufacturing of steel products and components for automobiles too has gained approval from the government.
Related Articles -
Indian economy, investing in India, Business Investment Opportunities, Investment Opportunities, business in India, Overseas investors, business inves,
|
