Apply For FDI

ENQUIRY


Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email IDs are [email protected], [email protected], [email protected], and Contact Numbers 1800 891 1610, 9560023760, and 8882033433. FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner
Fdi India news

FDI Reforms Simplified To Ensure Ease Of Doing Business Says Piyush Goyal!

    16 July , 2020         Fdiindia

FDI Reforms Simplified To Ensure Ease Of Doing Business Says Piyush Goyal!

Piyush Goyal, Commerce and Industry Minister, said that the government is working towards reforming the overall mining sector which is done towards attracting Foreign Direct Investment (FDI) in sectors that are constrained at present.

Mining and FDI in certain sectors are turning towards making some reforms. We would simplify processes and also ensure that it is easier to do business in India. FDI rose to 13% with a record investment of $49.97bn in FY20 as compared to the $44.36 bn.

“A new industrial policy and forest policy are being planned. We are looking at banking sector and capital market reforms,” Piyush Goyal added and also told that the government is still working on ensuring 100% electrification of the railways.

“By 2030, we hope the railways will be net zero emission. The railways is bidding out £400 billion of projects in the public-private partnership (PPP) mode in the next 12 year. The railways is bidding out £400 billion of projects in the public-private partnership (PPP) mode in the next 12 years,” said Piyush Goyal said.

As per the minister, the government is relooking all projects in terms of the post-COVID-19 world and there would be cost cutting. The costing of projects also includes the Mumbai- Ahmedabad bullet train have been impacted by the pandemic.

There are number of indicators that have proven a surge in the economic activity and shown a quick ramp-up. To bring back the economy and to recoup quickly in about 3-4 months with rapid growth we need to be vigilant and quick.


India can indulge in an immediate preferential trade agreement (PTA) with the UK and EU, with the long term goal of a free trade agreement (FTA). Piyush Goyal stated, “We can come on terms for the first 25-50 items. We will negotiate with no preconceived notions, no red lines. An early harvest with the UK can be done if they are willing to,” He said: “The UK can supply us with high quality cameras, automobiles and even spirits. I am coming for negotiation with an open mind”.

Similarly, India is currently discussing with the EU if an early harvest PTA could be done with a long term goal of an FTA.

Goyal also said that India is committed towards fair trade on the basis of reciprocity. On the issue of India banning Chinese apps, he stated that it is a security concern and companies have been asked to furnish certain details