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India’s ranks first in FDI Destination which replaces China in 2015

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In 2015, India gained the first rank in the World for Foreign Direct Investment overtaking the US and China

Foreign Direct Investment:

Investment made by a company or entity based in one country, into a comapany or entity based in another country.

  • India attracts $63 billion value FDI projects from other countries in 2015

Companies Agreed to invest in projects

  • Foxconn – Multinational electronics contract manufacturing company headquartered in New Taipei, Taiwan worth $5 billion
  • SunEdison – Global renewable energy company headquartered in the U.S worth $4billion
  • Capital Investment followed by year of high Value Project majorly in Coal, Oil and Natural Gas and renewable energy sectors.
  • In Twitter, Minister of State for Finance Jayant Sinha expressed his happiness and stated that India emerges on top rank in bringing FDIIndia emerged as top FDI

India Claims five places

  • No 1. Gujarat attracted $12.4 billion
  • No. 2 Maharashtra brought $8.3 billion

Reasons for investing more in India and China

  • Companies identify domestic market growth and potential
  • Proximity to markets

FDI Report

  • To attract high volumes, locations need to generate conditions for progress in economic growth and development
  • Make in India Campaign resulted in major increase in job creation from 1.16 lakh new jobs in 2013 to 2.25 lakh in 2015
  • 98% FDI into India comes through automatic route which are not under the control of FIPB
  • India is a emerging destination for renewable energy due to wider government policies, infrastructure and programmes designed to attract investment.

India ranks no.1 with USD 11.8 billion

Renewable Energy’s plan to invest USD 3 billion to design, install and manage more than 3 GW of solar power

  • China declined a 23% in Capital investment and 16 % drop in FDI projects
  • FDI inflow in India and China was followed by Indonesia, Mexico and Brazil