Breaking News

You are here » Indian-Commodity  :  Economy  :  India approaching towards $100 billion FDI inflow by 2022: PHD Chamber

25-Sep2018

India approaching towards $100 billion FDI inflow by 2022: PHD Chamber

PHD Chamber of Commerce and Industry Vice President D K Aggarwal has said that India is approaching towards $100 billion foreign direct investment (FDI) inflow per annum by 2022 as volumes of FDI are increasing year after year.

Aggarwal has indicated that the annual FDI inflows in the country rose to $62 billion in 2017-18 from $36 billion in 2013-14. He also said that Make in India has been instrumental during the last four years to attract FDI reforms in the country. He also noted that the country was able to attract tremendous flow of investments, despite the global challenges.

PHD Chamber also expects more improvement in the coming ratings of Ease of Doing Business as country has adopted a historic reform -- the Goods and Services Tax (GST) which is giving fruitful results.


Related News

View all news

Govt approves new national electronic policy 2019

With an aim to increase electronic manufacturing ecosystem in country, the government has approved a new National Electronic Policy 2019.  The objective of new electronics policy is to create......

Cabinet approves promulgation of amendments in Companies Ordinance 2019

In order to incentivize compliance with law and to extend greater Ease of Doing Business, the Union Cabinet has given green signal to the promulgating an ordinance for companies law amendments. A bill......

RBI to infuse Rs 12,500 crore into system through OMOs to increase liquidity

In order to increase liquidity into the market, the Reserve Bank of India (RBI) said it would inject Rs 12,500 crore into the system through purchase of government securities on February 21, 2019. The......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......