9911796707
TMI BlogGovernment measures resulted in increased FDI inflowsX X X X Extracts X X X X X X X X Extracts X X X X ..... Government measures resulted in increased FDI inflows X X X X Extracts X X X X X X X X Extracts X X X X ..... ect Investment (FDI), wherein most sectors, except certain strategically important sectors, are open for 100% FDI under the automatic route. Subject to the provisions of the FDI Policy, foreign investment in 'manufacturing' sector is under automatic route. Manufacturing activities may be either self-manufacturing by the investee entity or contract manufacturing in India through a legally t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enable contract, whether on Principal to Principal or Principal to Agent basis. Further, a manufacturer is permitted to sell its products manufactured in India through wholesale and/or retail, including through e-commerce, without Government approval. Measures taken by the Government on FDI policy reforms have resulted in increased FDI inflows in the country. India has received its highest ever F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DI inflow of INR 6,31,050 crores in Financial Year 2021-22. Further, FDI Equity inflow in Manufacturing sectors has increased to INR 1,58,332 crore in Financial Year 2021-22 from INR 89,766 crore (FY 2020-21), which is an increase of 76%. India's monetary and fiscal Policies have been positioned to lowering inflation and managing the Current Account Deficit (CAD). Under this overarching frame ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... work, monetary and fiscal adjustments are done to address emerging economic issues. Further, Reserve Bank of India has undertaken several measures to enhance forex inflows. These measures include: i. exemption of incremental Foreign Currency Non-Resident (Bank) [FCNR(B)] and Non-Resident (External) Rupee (NRE) deposits from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR), ii. per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mission to banks to raise fresh FCNR(B) and NRE deposits without reference to the extant regulations on interest rates until end-October 2022, iii. inclusion of all new issuances of G-Secs of 7-year and 14-year tenors under the Fully Accessible Route (FAR) for FPls, iv. exemption of investments by FPls in G-Secs and corporate debt made till October 31, 2022 from short term limit, v. allowing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FPI in commercial paper and non-convertible debentures with an original maturity of up to one year, vi. temporary increase in the limit for external commercial borrowings (ECBs) under the automatic route from US$ 750 million or its equivalent per financial year to US$ 1.5 billion, vii. increase in the all-in cost ceiling under the ECB framework by 100 basis points, subject to the borrower bei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng of investment grade rating, and
viii. permission to AD Cat-I banks to utilise overseas foreign currency borrowings for lending in foreign currency to entities for a wider set of end-use purposes, besides exports.
This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Rajya Sabha today.
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AD/KP X X X X Extracts X X X X X X X X Extracts X X X X ..... ress release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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