India eyes $100 bn FDI in 2 years; Power, airlines and pharma sectors in focus


India eyes $100 bn FDI in 2 years; Power, airlines and pharma sectors in focus

India will aim to receive USD 100 billion in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate, Union Minister Suresh Prabhu said.

The commerce and industry minister said his ministry has also identified sectors and countries which holds huge potential for investments in India.

“I have given a target. USD 100 billion of FDI should come from different sectors into India. It will not happen in one year. We have identified companies, sectors and countries and now we are going for road shows to attract investors,” Prabhu told PTI in an interview.

He said India would remain a top destination for foreign investors in 2019 and the ministry would look at all sectoral issues that may come come in the way to attracting overseas investments. Read More

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