TIL Desk/Business/Gandhinagar-With the government taking steps to improve business climate, total FDI inflows in the last two-and-a-half years have touched USD 130 billion, Prime Minister Narendra Modi said today. Modi, while addressing investors at the Vibrant Gujarat summit here, also said that ‘Make in India’ initiative has become the “biggest brand” that the country has ever had.
“The total FDI in the last two-and-a-half years have touched USD 130 billion. “The FDI equity inflow in the last two financial years was 66 per cent higher as compared to previous two financial years. In fact, the total FDI inflows received during the last year have been the highest ever,” he said.
He said the number of countries from where FDI is coming in, and the sectors in which they are being routed have also diversified in the last two years. “India is now the leading recipient of capital investment in the Asia-Pacific. It also continues to be among the top ten countries globally in terms of FDI inflows,” he added.
“Creating an enabling environment for business, and attracting investments, is my top priority. We have to do this in order to create opportunities for our youth,” he said.
