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$28.75 billion actual global investment vs $153.7 billion indicated till March 4: Govt

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The government on Friday said the total indicated investments from global companies is $153.7 billion out of which $28.75 billion are actual investments and the companies have indicated 29.9 lakh employment and have given actual employment to 3.38 between September 2014 and March 2021.

“As far as global investors support is concerned, Invest India has facilitated 29,812 global business requests from 162 countries,” the Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement on Friday.

Invest India, the national investment promotion and facilitation agency of the country, is a non-profit venture under the department and has been working with 1,384 companies out of which dedicated relationship managers have been assigned to 601 facilitation cases, it said.

As on March 4, 2021, Invest India has facilitated 2.34 lakh business requests from domestic companies.

“Currently several domestic companies have a dedicated relationship manager and are under active facilitation with indicative investments of Rs 31,725 crore and actual investments of Rs 9,375 crore generating a potential indicative employment of 77,213,” DPIIT said, adding that facilitation of domestic investors is a key focussed area in Invest India, and this includes all investors.

The department also said it is in the process of finalising a dedicated digital portal “Atmanirbhar Niveshak Mitra” for hand-holding, information dissemination and facilitation of domestic investors.

The portal is in testing phase and the final version will be ready for launch by May 15, 2021. The webpage will also be available in regional languages and mobile App in due course.

The special features of the portal will be daily updates on policies and new initiatives by central and state governments, information about approvals, licences, clearances and different schemes and incentives, information on manufacturing clusters and land availability, and applicable taxation system.

The portal will be the linking platform to other initiatives like National Single Window, Startup India, One District One Product, Project Monitoring Group and National Infrastructure Pipeline.

It will also support investors throughout their business journey and help them get all the information starting from finding an investment opportunity to exploring incentives and taxes applicable to their businesses, sources of funding, raw material availability, training, management requirement and tender information.



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