FDI in Manufacturing Rises 69% to $16.5 Billion (2014-24)
ECONOMY & POLICY

FDI in Manufacturing Rises 69% to $16.5 Billion (2014-24)

India has witnessed a substantial increase in Foreign Direct Investment (FDI) in its manufacturing sector, with inflows rising by 69% to $16.5 billion over the past decade, from 2014 to 2024. This surge reflects growing global confidence in India's manufacturing capabilities and its potential as a major production hub.

Jitin Prasada, Minister of State for Commerce and Industry, highlighted that the rise in FDI is indicative of the country's improved business environment and strategic initiatives aimed at enhancing the manufacturing sector. The growth in investment is attributed to various reforms, including the Make in India initiative, which seeks to encourage both domestic and international companies to set up or expand their manufacturing operations in India.

The increase in FDI is expected to boost employment, enhance technological capabilities, and stimulate economic growth. The government's focus on infrastructure development, ease of doing business, and policy support has played a crucial role in attracting foreign investments.

Prasada emphasised that sustained FDI growth will be vital for India?s economic advancement and its aspiration to become a global manufacturing powerhouse. The government is committed to continuing reforms and creating a favourable investment climate to support this growth trajectory.

India has witnessed a substantial increase in Foreign Direct Investment (FDI) in its manufacturing sector, with inflows rising by 69% to $16.5 billion over the past decade, from 2014 to 2024. This surge reflects growing global confidence in India's manufacturing capabilities and its potential as a major production hub. Jitin Prasada, Minister of State for Commerce and Industry, highlighted that the rise in FDI is indicative of the country's improved business environment and strategic initiatives aimed at enhancing the manufacturing sector. The growth in investment is attributed to various reforms, including the Make in India initiative, which seeks to encourage both domestic and international companies to set up or expand their manufacturing operations in India. The increase in FDI is expected to boost employment, enhance technological capabilities, and stimulate economic growth. The government's focus on infrastructure development, ease of doing business, and policy support has played a crucial role in attracting foreign investments. Prasada emphasised that sustained FDI growth will be vital for India?s economic advancement and its aspiration to become a global manufacturing powerhouse. The government is committed to continuing reforms and creating a favourable investment climate to support this growth trajectory.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?