FDI IN EQUITY JUMPED 48% AFTER LAUNCH OF ‘MAKE IN INDIA’
Foreign direct investment (FDI) into equity jumped 48 per cent after the launch of the ‘Make in India’ programme. The ‘Make in India’ initiative, which seeks to make the country a global manufacturing hub, was launched on September 25 last year. Between October 2014 and April 2015, equity FDI rose 48 per cent, according to the ministry. Total FDI includes fresh equity inflows and reinvested earnings of foreign investors.
The ministry said that in 2014-15, investment by foreign institutional investors (FIIs) rose 717 per cent to $40.92 billion. FDI inflows under the approval route grew 87 per cent to $2.22 billion in the last fiscal.
The ‘Make in India’ initiative and its outreach to all investors have made a positive investment climate for India, it said.