Page 3 - Latest Updates on FDI
Karnataka expects to receive FDI worth Rs 75,000 crore: Education Minister
Karnataka is expecting a Foreign Direct Investment worth Rs 75,000 crores in sectors like biotech and start-ups, the state's Education Minister Dr Ashwath Narayana has said.
 "Karnataka expects to receive FDI worth Rs 75,000 crore: Education Minister")
DCO, WEF launch new initiative to boost digital FDI flows globally
The Digital Cooperation Organization (DCO) and the World Economic Forum (WEF) on Tuesday announced a new initiative to boost flows of digital foreign direct investments globally.
 "DCO, WEF launch new initiative to boost digital FDI flows globally")
LIVE: Apple looks to boost production outside China, says report
India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, Wall Street Journal reported
 "LIVE: Apple looks to boost production outside China, says report")
Outward FDI nearly halves to $3.39 billion in April, says RBI data
On sequential basis too, the outward investment from India in April was lower compared to USD 3.44 billion in March 2022
Disclosure norms on investments from neighbour nations tightened
This is alignment with the tweaked FDI policy of 2020 under the approval route to curb hostile takeovers
 "Disclosure norms on investments from neighbour nations tightened")
Govt amends FEMA rules to allow 20% foreign direct investment in LIC
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
 "Govt amends FEMA rules to allow 20% foreign direct investment in LIC")
FDI likely to touch $100 billion in 2022-23: Industry chamber PHDCCI
India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said
 "FDI likely to touch $100 billion in 2022-23: Industry chamber PHDCCI")
India conducive for FDI, is a critical market for us: CPP Investments CEO
The pension fund has invested in Byju's, Flipkart, ReNew Power and a number of InvITs. It invested C$128 million in NSE in FY21 and is currently exploring options in pharma and healthcare
 "India conducive for FDI, is a critical market for us: CPP Investments CEO")
Irdai may go for 100% FDI in 'new' insurance biz to expand scope of sector
In Budget FY21, Finance Minister Nirmala Sitharaman had announced raising the cap of FDI to 74 per cent for insurance companies with effect from August 2021
 "Irdai may go for 100% FDI in 'new' insurance biz to expand scope of sector")
Chennai declared world's cheapest FDI location for electronics R&D
Chennai emerged as the cheapest location in top 100 electronics FDI destinations, with estimated annual operating costs of $1.24 mn for a 50-person R&D centre
 "Chennai declared world's cheapest FDI location for electronics R&D")
Testing the tenacity of multinationals
Exiting from India is mostly part of the global strategy of the marquee firms to put their energies into more lucrative projects and deal with easier markets
India continues to remain highest receiver of FDI: FM Nirmala Sitharaman
India continues to remain the highest receiver of the FDI, finance minister Nirmala Sitaraman told Lok Sabha on Monday while replying to a question by Congress member Shashi Tharoor
 "India continues to remain highest receiver of FDI: FM Nirmala Sitharaman")
India continues to remain highest receiver of FDI: FM in Lok Sabha
"We in the House should should stand up and appreciate the Indian retailer who has invested a lot of confidence in the markets today in India," the FM said
 "India continues to remain highest receiver of FDI: FM in Lok Sabha")
India got 65% more FDI during Modi regime against 10 years of UPA rule: FM
India remains in top 5 FDI recipient countries; FDI inflows 65% higher at $500.5 bn during Modi govt, says FM in Rajya Sabha
 "India got 65% more FDI during Modi regime against 10 years of UPA rule: FM")
Rs 3,343 crore received as FDI in defence sector since 2014: Govt
To a separate question, Minister of State for Defence Ajay Bhatt said the "term 'Matryr' is not used in Indian Armed Forces"
FPI outflow shoots past Rs 1 trn in 2022 amid Ukraine, inflation concerns
The exodus of foreign investors was largely owing to inflationary pressures and deepening global macroeconomic conditions following the Russia-Ukraine war, experts said
 "FPI outflow shoots past Rs 1 trn in 2022 amid Ukraine, inflation concerns")
Multinational e-commerce players violating FDI rules, alleges CAIT
Few multinational e-commerce entities with heavy arsenal of funding operating in India have attempted to flout the FDI norms, said CAIT.
 "Multinational e-commerce players violating FDI rules, alleges CAIT")
Govt widens meaning of real estate business under FDI policy
It added that earning of rent/income on lease of a property, not amounting to transfer, will not amount to real estate business
 "Govt widens meaning of real estate business under FDI policy")
Maharashtra saw drop in FDI inflow in 2021-22; Karnataka emerged on top
The FDI inflow in the state from April 2000 to September 2021 was Rs 9,59,746 crore, which was 28.2 per cent of the total FDI inflow of the country, the survey stated
India looking for mass EV technology to build in India, says Gadkari
India is looking for a electricity-based technology for mass rapid transportation that is cost effective and such as can be made in the country, Gadkari has said.
 "India looking for mass EV technology to build in India, says Gadkari")
