India rapidly emerging as preferred country for foreign investments in manufacturing sector: Govt

The Union Government has said that India is rapidly emerging as a preferred country for foreign investments in the manufacturing sector. Commerce and Industry Ministry said, FDI Equity inflow in manufacturing sectors have increased by 76 per cent in last financial year compared to 2020-21. Karnataka with over 37 per cent and Maharashtra with over 26 per cent are the top two states in receiving highest FDI Equity Inflow.

The Ministry said, Singapore and USA have emerged as top two sourcing nations in FDI equity flows into India in 2021-22 followed by Mauritius, Netherland and Switzerland. It said, the government continues to liberalize investment restrictions, eliminate regulatory barriers, nurture international relations and improve business environment.