Maharashtra tops in attracting highest FDI worth Rs 70,795 cr in Q1FY25
Maharashtra has topped in attracting the highest Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-2025.
Maharashtra has topped in attracting the highest Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-2025.
This will facilitate the global expansion of Indian companies through mergers, acquisitions, and other strategic initiatives, enabling them to reach new markets and grow their presence worldwide, said a Finance Ministry statement.
The country is emerging as a top destination for foreign investment in the manufacturing sector and in the last decade, foreign direct investment (FDI) inflows in the sector surged almost 69 per cent to reach $165.1 billion, according to the government.
The Union Government has permitted 100 per cent Foreign Direct Investment (FDI) via automatic route for aircraft maintenance, repair and overhaul (MRO).
The Uttar Pradesh government has set up three dedicated country desks at ‘Invest UP’ (the investment promotion and facilitation agency of the UP government) to facilitate FDI investments.
The dynamics of foreign direct investment (FDI) serve as a barometer of a country’s attractiveness and competitiveness. Amidst the shifting tides of geopolitics and supply chain diversification, India finds itself at a critical juncture, grappling with the implications of its FDI performance vis-à-vis the China-plus one strategy.
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs
However, sequentially, the figure jumped by 38.4 per cent from $2.19 billion in January 2024, the figures showed.
On the basis of the review, the government has made amendments under para 5.2.12 of the Consolidated FDI Policy Circular of 2020, as amended from time to time (FDI Policy).
In a bold move signalling a paradigm shift in its approach to space exploration, India has opened its doors wider to the global space industry.
