The country's foreign direct investment (FDI) has got a big push by the launch of Make in India programme in September 2014 and surged up by 46 per cent during October 2014 and May this year. The FDI during October 2014 and May this year has jumped up to 61.58 billion from $42.31 billion in comparison to previous 20 months (February 2013 to September 2014).
During the period, the sectors which attracted maximum FDI include services, trading, automobile and power. Commerce and Industry, Nirmala Sitharaman has said that to further boost the investment environment and bring in more foreign capital, the government is also taking various steps like opening up FDI in many sectors, carrying out FDI related reforms and improving ease of doing business. She added that DIPP has advised ministries and states to simplify and rationalise the regulatory environment through business process re-engineering and use of information technology.
The `Make in India’ initiative launched in September 2014, aims to promote India as an important investment destination and a global hub for manufacturing, design, and innovation. Last fiscal 2015-16, the country has received $40 billion FDI which increased by 29 percent from $30.93 billion from the previous fiscal.