India Emerges as Global Investment Oasis Amid Surging FDI

Union Minister Piyush Goyal meets Vice President CP Radhakrishnan to discuss key initiatives of the Ministry of Commerce & Industry. They explore India's manufacturing growth, government reforms, and a notable rise in Foreign Direct Investment, signaling global investor confidence in the Indian economy.

Union Minister of Commerce and Industry Piyush Goyal, alongside senior ministry officials, engaged in discussions with Vice President of India CP Radhakrishnan at Parliament House on Tuesday. The Vice President's office released a statement noting that the dialogue focused on briefing the Vice President about the ministry's pivotal initiatives and activities.

The meeting delved into the current state of manufacturing and foreign trade, highlighting various government initiatives designed to facilitate business, bolster India's manufacturing prowess, and establish the nation as a global export leader. Discussions covered major programs such as Make in India, the PLI Scheme, PM Gati Shakti National Master Plan, Start-up India, National Manufacturing Mission, and strategies for Free Trade Agreements, One District One Product, industrial corridors, SEZs, alongside protecting intellectual property rights.

The Vice President applauded the efforts of the Ministry in driving India's status as a global manufacturing and export hub and acknowledged initiatives to capture new markets. He stressed the necessity for harmonized departmental actions to fulfill the vision of Viksit Bharat. Concurrently, Minister Goyal highlighted the recent surge in Foreign Direct Investment, attributing it to growing global confidence in India's economy, with significant investments announced in the finance and banking sector, underscoring India's status as a preferred investment destination.

(With inputs from agencies.)