Manufacturing sector gets $21bn foreign direct investment in FY22
2 years, 4 months ago

Manufacturing sector gets $21bn foreign direct investment in FY22

The Hindu  

The manufacturing sector attracted Foreign Direct Investments worth $21.34 billion in 2021-22, an increase of 76% year-over-year, the Commerce Ministry said on July 28. It said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce. "FDI equity inflows in the manufacturing sectors have increased by 76% in FY 2021-22 compared to previous FY 2020-21," it added. The Ministry said that despite the ongoing pandemic and global developments, India received the "highest" annual FDI inflows of $84.83 billion in 2021-22.

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