Govt eyes $100 bn FDI inflows annually

The government is looking at a target of $100 billion foreign direct investment (FDI) inflows per annum in the coming years, in line with India's thrust towards the "Make in India" programme, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said on Wednesday.

- SHREYA NANDI

"We are targeting much higher investment flows. We have about $70-80 billion FDI inflows, which are coming in every year; we are expecting this to increase to at least $100 billion a year in the years to come," Bhatia told reporters at a press conference on the completion of 10 years of the "Make in India" initiative.

The initiative was launched a decade ago, with an aim to boost manufacturing, attract foreign investment, enhance infrastructure, and promote indigenous production.

According to Bhatia, the "Make in India" initiative resulted in substantial achievements in manufacturing infrastructure, defence, and exports. Policies such as the production-linked incentive (PLI) scheme, FDI reforms, and infrastructure development have successfully attracted both domestic and foreign investments.