The "manufacturing in India" policies promoted by the Indian government has worked. In the past 8 fiscal year, the capital of foreign direct investment (FDI) has grown by Indian manufacturing, which has grown 57%.
India’s competent commercial and industrial affairs Minister of State Som Parkash (Som Parkash) recently replied to the written report of the House of Lords inquiries that compared with the 2006 to 2014, India’s FDI flowed into the manufacturing industry from 2014 to 2022, which grew 57%.
The report states that this can be attributed to the "Make in India" policy that the Modi government came to power in 2014, but did not provide FDI inflow amount.Bangalore Stock Exchange
According to the number released by the Ministry of Commerce and Industry in June this year, during the fiscal year from April 2021 to March 2022, the FDI that flowed into Indian manufacturing reached US $ 21.34 billion, while the previous fiscal year was $ 12.09 billion.
In the past 2 months, several multinational groups have announced their intention to invest in IndiaNew Delhi Wealth Management. Super WeChat (AMD) intends to invest 400 million US dollars to establish a design center;Create digital transformation.
About 1 week ago, the government of Karnataka, India, also announced that Hon Hai would invest $ 600 million to engage in the iPhone case components and semiconductor manufacturing equipment.
"Manufacturing in India" was launched on September 25, 2014Simla Wealth Management. It aims to promote investment, encourage innovation, and develop infrastructure, and build India as a global manufacturing, design and innovation center.
Under this policy, the Indian government launched the production incentive plan (PLI), the national single window system (NSWS), the establishment of a planned development team in all government departments, the reduction of corporate income tax, reform investment policy, and one product and other products to encourage domestic domesticForeign investment.
The production incentive plan covers 14 major industries, including electronic products, automobiles, medical equipment, drugs, solar optoelectronic modules, batteries, drones, etc., with a total amount of up to $ 26 billion. So far, 733 applications have been approved.Kolkata Investment
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