Major players from hospitality, retail, construction and other sectors have held wide-ranging discussions with the DMICDC on investment and partnership opportunities in the Rs 26,000 crore International Exhibition-Cum-Convention Centre (ECC) proposed to be built in Dwarka, New Delhi.
The government has appointed Amitabh Kant, Secretary in the Department of Industrial Policy and Promotion (DIPP), as full-time Chief Executive Officer of NITI Aayog. Kant, who has been helming some of the marquee initiatives of the Narendra Modi Government, will take over the job after his retirement as secretary in February end.
A lot of optimism has set in with 100 per cent FDI inflow, the Sagarmala Project, greater thrust on PPP projects, and the Â´Make in IndiaÂ´ initiative. The Indian ports and shipping industry plays a vital role in sustaining growth of the countryÂ´s
Though investment in infrastructure is expected to touch $1,025 billion in the Twelfth Five-Year Plan (2012-17), many hurdles are choking investment inflows despite the governmentÂ´s overdrive to attract funds. The governmentÂ´s recent decision to open up the railway sector to Foreign Direct Investment (FDI)
Foreign Direct Investment (FDI) in India dipped by 3 per cent to $22.03 billion in 2013, according to data from the Department of Industrial Policy and Promotion (DIPP). In 2012, India attracted $22.78 billion of FDI. Services, pharmaceuticals, automobiles, construction development, telecom, computer software and hardware, chemicals and power were among the sectors that attracted FDI in 2013.
Commerce and Industry Minister Anand Sharma said that the Cabinet will soon take a view on liberalising foreign direct investment (FDI) policy in railways sector. The department of industrial policy and promotion (DIPP) has proposed to allow 100 per cent FDI in high-speed train systems, suburban corridors, high-speed tracks and freight lines connecting ports and mines. However, existing passenger and freight network operations will not be opened to foreign investors.