Business

Government Initiatives Driving Foreign Investment In India: CII

According to the Confederation of Indian Industry (CII), government initiatives like ‘Make in India’ and production-linked incentive (PLI) schemes are playing a key role in attracting foreign investors to set up operations in India.

In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee praised the government’s focus on infrastructure development, including roads, railways, and ports, which has helped enhance the competitiveness of the domestic industry.

The letter, dated 5 November highlighted that the policy shift in India coincided with favorable global geopolitical conditions, with many international companies seeking to diversify their geographical presence.

“FDI inflows have increased from $45.14 billion in 2014-15 to $70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India,” Banerjee noted in the letter.

He added that the PLI schemes have played a key role in attracting substantial investments.

The letter further emphasized that India’s manufacturing capabilities across various sectors such as automobiles, electronics, machinery, chemicals, shipping, and railways are expanding rapidly.

“You (the minister) have addressed each component of the Make in India initiative, be it ease of doing business, logistics and connectivity, investment promotion, or external engagement, with great insight, innovative policies and phenomenal implementation,” the letter concluded, recognizing the government’s role in shaping a more favorable business environment.

Also Read: Apple Reports 36% Revenue Surge In India; Crosses ₹66,700 Crore In FY24

Mankrit Kaur

Recent Posts

PM Modi Distributes Over 51,000 Appointment Letters In 15th Rozgar Mela

PM Modi distributed 51,236 appointment letters to newly-recruited candidates in central government departments and organisations…

3 hours ago

Indian Embassy In Berlin Holds Memorial For Pahalgam Terror Victims

The Indian Embassy in Berlin organised a solemn memorial service to honour the victims of…

4 hours ago

Joe Jonas Reflects On Disconnecting From Technology And Reliving Childhood

Pop star Joe Jonas recently performed his latest single, Heart by Heart, to a phone-free…

4 hours ago

Chennai Super Kings’ Struggles Continue As Sunrisers Hyderabad Secure Crucial Win

CSK captain Mahendra Singh Dhoni has openly acknowledged the team's ongoing struggles in the 2025…

4 hours ago

Supreme Court Confirms Disruption In Digital Services Due To National Government Cloud Outage

The Supreme Court announced on Saturday that a disruption in the National Government Cloud (NGC)…

4 hours ago

India Responds To Ceasefire Violations After Pahalgam Terror Attack

Following the deadly terrorist attack in Pahalgam on 22 April, Pakistan has escalated tensions by…

4 hours ago