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India’s Commerce Minister Reports 48% Increased FDI

India’s Commerce Minister Reports 48% Increased FDI

Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India‘ initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the previous year.

Nirmala Sitharaman, Minister for Commerce and Industry
Nirmala Sitharaman, Minister for Commerce and Industry

The ‘Make in India’ program aims at promoting India as an important investment destination and a global hub for manufacturing, design and innovation. Japan, China, France and South Korea have announced their intention to make huge investments in India in various industrial and infrastructure projects, reports Knowledge and News Networks.

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