"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.
Bu hikaye Business Standard dergisinin September 26, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
FY25 as weak-earnings year is gradually getting priced in
Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:
Non-disclosure of foreign property invites ₹10 lakh penalty per yr
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Brokerages positively revise their earnings forecasts, maintain target price
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China wrests MSCI EM IMI top spot from India
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HAVING A TRUCK WITH LNG
Things are changing rapidly with the entry of the private sector, but the path of LNG trucks in India is strewn with rocks
Accounting for climate finance
The climate negotiations meeting of the Conference of Parties signatory to the convention, COP29, at Baku, Azerbaijan, where most nations of the world have gathered currently, shall deal with various concerns relating to climate change.
Re-examine trade pacts
India must consider entering CPTPP, RCEP
