India Targets Over US$ 100Bn FDI Annually - News

As global investors seek new opportunities, India is setting goals to attract substantial foreign direct investment (FDI). Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade revealed that India aims to surpass US$ 100 bn annually in FDI, a significant increase from the average of over US$ 70 bn in the past five years. 

Singh expressed confidence that India is on track to achieve its target, citing a positive trend and the ‘China plus one’ strategy gaining momentum. Companies like Apple Inc and Samsung Electronics Co are expanding their manufacturing operations in India, capitalizing on incentives provided by Hon’ble Prime Minister, Narendra Modi. 

According to a report by Kotak Institutional Equities, India’s focus on the domestic market and enhancing value-added goods for exports will boost investment growth in the future. The report anticipates accelerated investments in the sunrise sector in the coming years, contributing to India’s FDI ambitions.