FDI will promote ease of doing business in India, says industry chamber PDHCCI

India is turning into a FDI (Foreign Direct Investment) hotspot for many overseas companies.  Foreign companies are looking at India to invest in various industrial sectors like manufacturing, information & communication services, and financial & insurance activities. Manufacturing businesses account for nearly 50% of the total FDI, while the other two stand at 20.1%, and 11.2% respectively.

Between 2000-2016, 40% of FDI went into sectors such as, services, telecom, construction and computer software & hardware sectors. This is great news for the “Make in India” initiative. With more global players turning towards India, home-grown companies will get a big push. This will also mean opening up of more job avenues for India’s youth.

PHDCCI has made a notable remark: “FDI is related to ease of doing business in India and therefore, in its federal structure, an effective project monitoring group needs to be activated in all States and UTs to encourage the bureaucracy to adopt a progressive approach towards investment proposals so that India sees multiplication in them.”

Commenting on this, policy analyst Deepak Talwar says: “Global corporations are today keenly observing the political and economic events unfolding in India, since the country remains a prime investment destination for all of them. It is expected that the FDI will grow quite a bit in the medium-term.” 

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