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A rise of 45% in FDI inflows in manufacturing


A rise of 45% in FDI inflows in manufacturing

The government has announced a rise of 45% in the FDI inflows in manufacturing between October 2014 to February 2015, as compared to the same period last year. While the numbers from the previous year stands at $4,770.94 million, the FDI inflow from October 2014 to February 2015 stands at $6916.99 million. This was reported by Commerce and Industry Minister Nirmala Sitharaman in Rajya Sabha’s Question Hour.

As a reply to a question from Congress MP Ambika Soni, Sitharaman said that the ‘Make in India’ initiative is aimed at making the country a vital investment destination and a global market for design, manufacturing and ideation.

She also said that an action plan has been formed with 98 points for bettering the regulatory framework and improving the access of doing business in different states. These states have been given a deadline till June 30 after which they will be evaluated on the basis of performance on Ease of Doing business.

The ‘Make in India’ has made a considerable impact on global fronts, especially the internet with 8, 04,690 mentions since its inception. Over 60% of these mentions have been received from outside the country.

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