Minister for commerce and industry, Government ministry

New Delhi, Nov 16 India has the potential to attract an annual FDI in the range of $120-$160 billion by 2025, Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said on Tuesday.Speaking at the second edition of the CII National Conference on MNCs, 2021 via video link, he said: "We have the potential to attract an annual FDI in the range of $120- $160 billion by 2025.""Last seven years we've seen a record FDI, each year breaking the previous record for seven years in a row."According to the minister, the Centre has introduced several key policy and business reforms for improving the investment climate."The closest and most recent decision like the privatisation of Air India which was successfully bid by the Tata group, the removal of that very, very unfortunate 'Retrospective Tax' which has, I believe, cost us dear in terms of investment climate for many years, the kind of reforms in 'Mining', in the 'Coal' sector, ones that we are hoping to do in 'Power', the huge 'Renewable Energy' growth story in India, all of these things, I think, encourage us to look for a brighter future."In addition, Goyal said the 'National Single Window System' (NSWS) has been launched to serve as a one-stop-shop for approvals and clearance needed by investors."The portal hosts approvals across 18 Central departments and 9 States. Another 14 Central departments and 5 States will be added by December."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Minister For Commerce And Industry, NewsFOLLOW

Minister for commerce and industry, Latest News

International :Japan's 'Famtech' technology focussing on female employees health

Companies in Japan are introducing "Famtech" or "Female technology under which, attention is being paid to the health of female employees and not just to the superficial beauty. ...

National :Public-private partnership necessary for Disaster Management and mitigation, says Piyush Goyal in view of Cyclone Jawad

Union Minister Piyush Goyal on Saturday evening said that Public-private partnership is necessary for Disaster Management and mitigation and for protecting the lives and livelihoods of those affected. ...

International :India has potential to attract annual FDI of $120- $160 bn by 2025: Minister

New Delhi, Nov 16 India has the potential to attract an annual FDI in the range of $120-$160 ... ...