FDI Grows 27% in April-October

Foreign direct investment in India grew 27% in the first seven months of this fiscal to $27.82 billion from $21.87 billion a year ago. Manufacturing accounted for 41.5% of the total equity inflows into the country during April-October.

This happened at a time when the government made a fervent pitch for `Make in India' in different countries to make India a manufacturing hub of the world and generate large-scale employment.

Services, telecom, trading, computer hardware and software, and automobile were among the major sectors which attracted FDI during this period.

In 2015-16, India had received $55.6 billion through FDI, up 23% over the previous year.

The government has also been pushing for enhancing ease of doing business and a favourable patent regime to make India an attractive investment destination.

DIPP in its review said that trademarks filing have increased 10% and trademark examination surged 250% during this fiscal till November from a year ago. Trademark pendency has come down to three months, from at least six months till 2015, and is 2015, and is expected to be one month by March 2017.

The allocation for National Industrial Corridor Development r & Implementation Trust has been increased to Rs.17,550 crore till March 2022. The government is scouting for an anchor investor for one of its most ambitious infrastructure projects, the Delhi-Mumbai Industrial Corridor, for which several overseas investors including Ikea, Kia Motors and China Railway Construction Corp have lined up.

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