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India eyes $100 billion of FDI in different sectors in next two years: Suresh Prabhu

27 Dec 2018 Evaluate

With various efforts being taken by govt to attract overseas investments, the commerce and industry minister Suresh Prabhu has said that India will aim to receive $100 billion of foreign direct investments (FDI) in the next two years, from different sectors. He also noted that the country would remain a top destination for foreign investors in the next year 2019.

The minister mentioned that special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate. He also highlighted that the commerce ministry has identified companies, sectors and countries which holds huge potential for investments in India.

Further, Prabhu said that the ministry would look at all sectoral issues that may come in the way to attracting overseas investments, adding that the country will also be happy to welcome firms from Europe and the US who want to move out of other countries and set up manufacturing bases in India.

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