India to increase FDI by $110 billion annually

22 Jul 2024 CW Team

India aims to increase its annual foreign direct investment (FDI) by over 50% to spur economic growth, according to a senior official from the country?s investment promotion agency.

"For the next seven years, our goal is to attract $110 billion per year, which equates to roughly $1 trillion over the next decade," said Nivruti Rai, MD, Invest India, during an interview with the source. ?We need to strive for a growth rate exceeding 10%."

In the seven years leading up to March 2023, India's average annual FDI was $71 billion, as reported by the investment agency, a joint venture between the Ministry of Commerce and private business chambers.

Despite positioning itself as an alternative manufacturing hub to China, with major companies like Apple Inc. establishing factories in the country, official data indicates a decline in FDI into India since 2022.

Invest India has identified eight key sectors for investment: electronics manufacturing, automobiles, infrastructure, green energy, food processing, textiles, pharmaceuticals, and foreign institutional investment. Rai is confident that these sectors will drive India towards economic growth exceeding 10%.

Addressing concerns about recent reports suggesting a cooling of Tesla Inc.?s investment in India, Rai stated she was ?not concerned? and emphasised that the overall trend remains positive for increased investment. (Source: Money control & Bloomberg TV)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..