FDI Equity Inflow Up 21% to US$ 35.3 Billion in April-Oct : DPIIT

According to an official data, “In April- October 2020, the FDI equity Inflow increased by to 21% i.e. (US$ 35.33 billion). In 2019, FDI equity inflow stood at (US$ 29.31 billion) and in the last seven month, it witnessed 11% increase i.e. (US$ 46.82 billion) from (US$ 42.06 billion) in April- October 2019.

The department said, “We can a see increase of 21% i.e. (US$ 35.33 billion) in the month of April-October 2020 due to growth in the foreign inflow in major sector such as computer software and hardware, services, trading, chemical and automobile. The country receives maximum funding from international countries such as Singapore, the United States, Mauritius, the Netherlands, the United Kingdom, France and Japan.

The department said, “84 plots measuring up to 554.73 acres have been allocated to companies with an investment of Rs. 16,100 crore (US$ 2.20 billion) including investors like HYOSUNG (South Korea), NLMK (Russia), HAIER (China), TATA Chemicals and AMUL.”

An Investment Clearance Cell (ICC) will be helping the business by setting up a one stop digital platform which is called as Central Single Window System that will be launched with the selected stated by April 15, 2021. This  portal will help to create a cycle for  existing clearance system for different  minister department of the Government of India and State Government without any  disrupting  of existing IT portals.

The DPIIT is planning to develop the first annual “Industrial Park Rating system 2.0” which will enlarge its coverage to bring the qualitative assessment further into the pilot phase.  As part of this approach the assessment of industrial parks, including private industrial parks, with the implementation of qualitative indicators for the evaluation of these parks will be carried out this year.

By the launch of Startup India Campaign, there has been a wide spread of start up across 586 districts, with the total of 29 states which will be creating more than 4.2 lakh employment opportunities.

Ministry of Trade and Industry to support the accessibility of capital investment in the Indian economy launched Startup Fund of Funds worth Rs. 10,294.27 crore (US$ 1.41 billion).  On November 13, 2020, fund was transferred to 60 Private venture worth Rs. 4,326.95 crore (US$ 591.14 million).