In an encouraging development for the economy, FDI inflows in the manufacturing sector rose by almost 45% from the period of October, 2014 - February, 2015 at $6,916.99 million compared to $ 4,770.94 million in the same period in the previous financial year. The Commerce Minister Nirmala Sitharaman stated that this foreign investment was also on account of ‘Make in India’ initiative taken by the government, which has been targeted towards making India an important investment destination and a global hub for manufacturing, design and innovation.
She highlighted an action plan with 98 points for improvement of regulatory environment and said that improving ease of doing business in the states had been developed, with the states now being requested to complete the action by June 30, 2015. Post the implementation, the government would evaluate states on their performance on ‘Ease of doing business’.
'Make in India' has a significant global presence over the internet with 8,04,690 mentions since its launch of which more than 60 percent was from out of India.
- See more at: FDI inflows in the manufacturing sector grows by 45% during October 14-Feb 15 - Mint Market Info
She highlighted an action plan with 98 points for improvement of regulatory environment and said that improving ease of doing business in the states had been developed, with the states now being requested to complete the action by June 30, 2015. Post the implementation, the government would evaluate states on their performance on ‘Ease of doing business’.
'Make in India' has a significant global presence over the internet with 8,04,690 mentions since its launch of which more than 60 percent was from out of India.
- See more at: FDI inflows in the manufacturing sector grows by 45% during October 14-Feb 15 - Mint Market Info
