Mirzapur

He made these remarks while speaking at the second edition of the CII National Conference on MNCs, 2021 via video link. He also said that the FDI over the past seven years has observed a positive trend wherein each year the FDI recorded is breaking the previous year's record.

The investments will be made from FY2021-2022 to FY2025-2026. Besides, the approved infusion, along with the company's listing process through the Initial Public Offering (IPO), is expected to increase the underwriting capacity of the ECGC to support more exports.

India attracted a total FDI inflow of $27.37 billion, against $16.92 billion during the corresponding period of FY21. "FDI equity inflow grew by 112 per cent in the first four months of FY 2021-22 ($20.42 billion) compared to the year ago period ($9.61 billion)," said the Commerce & Industry Ministry statement. According to the ministry, automobile industry has emerged as the top sector during the period under review to attract the largest total FDI Eeuity inflows followed by computer software and hardware, and services sector, respectively.

The survey -- India's FDI Opportunity -- conducted during the peak of the second wave of the Covid-19 pandemic in India this year, found that a large proportion of international business leaders remain confident in India's short- and long-term prospects and are readying plans to make additional and first-time investments in the country.

Data from primemfdatabase.com showed that the AUMs of the other major players HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, and Nippon India Mutual Fund stood at around Rs 4,37,093 crore, Rs 4,34,180 crore, Rs 2,58,416 crore and Rs 2,57,544 crore, respectively, higher by 8.5 per cent, 9.4 per cent, 13.4 per cent, and 16.3 per cent from their respective AUMs in December 2020.

Accordingly, India attracted a total FDI inflow of $22.53 billion in the first three months of 2021-22 (April to June), as compared to $11.84 billion reported during first three months of FY 2020-21. Besides, FDI equity inflow grew by 168 per cent in Q1FY22 at $17.57 billion, compared to the year-ago period at $6.56 billion.

The FDI will also be used for investments to be made in transport and logistics sectors along with downstream investment in the airport sector and aviation related businesses and services. The investment also includes transfer of share of Bangalore International airport Limited to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by 2726247 Ontariao Inc.

Optiemus said that it targets a revenue of nearly Rs 38,000 crore in multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 in the next three-five years. The strategic alliance will offer a unique proposition in Indian Electronics Manufacturing Services (EMS) market backed by joint product development, engineering capabilities, software and firmware development.

Though China topped the list of countries which invested the most in Nepal, overall FDI kitty has thinned. That apart, now with apprehensions that China could lower its investments in the coming months as Beijing tightened the norms of lending for its banks and local governments, Nepal's dependence on India is set to rise.

The investment is expected to improve access to finance for the small businesses. "Increased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from Covid-19 are expected in the wake of a $126 million (Rs 916 crore) equity investment in Federal Bank, one of the country's leading private sector banks," an official statement said.