The report said while supply side has undergone a structural change, reform momentum is well above its historic past and more aggressive than emerging as well as global peers.
The meeting was attended by Commerce and Industry Minister Nirmala Sitharaman, Power Minister Piyush Goyal and senior officials in the Department of Industrial Policy and Promotion (DIPP), sources added.
All of them are in the non-small scale industry. At the end of June, 682 textile mills were closed in the country, she said during the Question Hour. Of them, 232 mills were in Tamil Nadu while 85 were in Maharashtra and 60 in Uttar Pradesh.
In a written reply to Lok Sabha, Minister of State for Textiles Ajay Tamta said during the first two months of current fiscal, the sector received USD 21.41 million foreign inflows.
The Japanese financial services major has dubbed India and ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) as "Asia's tiger cubs", and said FDI inflows to these nations will increase from around USD 100 billion per year now to around USD 240 billion by 2025.
In 2016-17, the foreign fund inflows aggregated at USD 60.08 billion, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
At the meeting, the commerce and industry ministry will make a detailed presentation on proposed changes to streamline the FDI regime in the country.
They did not wish to be identified as discussions are still on and the deal has not been signed yet.
The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now.
Foreign investments in bulk of the sectors are allowed under the automatic route. Currently, only 11 sectors, including defence and retail trading, require government approval for Foreign Direct Investment.
The move is aimed at improving investment climate of the country. The new mechanism will replace the Foreign Investment Promotion Board, abolished by the government.
With this Rs 86,000-crore transaction, which makes it the largest FDI inflow for the country, the company hopes to close the deal by early next month, Essar group sources said.
The new portal will be called Foreign Investment Facilitation Portal (FIFP),which will be responsible for processing of FDI proposals in a time bound manner, hastening investment inflow into the country.
DIPP will send every application to the relevant department of the government within two days.
In South Asia, FDI inflows increased by 6 per cent to USD 54 billion in 2016, said the report by United Nations Conference on Trade and Development.
The biggest beneficiaries of the open market policy or globalisation has been middle income countries and the continuation of this is in their interest, he said at an event organised by ICRIER here.
The Department of Industrial Policy and Promotion (DIPP) has prepared a draft SOP and is circulating it to different departments including the economic affairs for their views.
It also said that foreign direct investment (FDI) inflows to developing Asia shrank by 15 per cent to USD 443 billion in 2016, the first decline since 2012. This affected three sub- regions, with only South Asia spared.
The 2017 Global Retail Development Index (GRDI), now in its 16th edition, ranks the top 30 developing countries for retail investment worldwide and analyses 25 macroeconomic and retail-specific variables.
The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth USD 6.89 billion in 2015-16, according to data of the Department of Industrial Policy and Promotion (DIPP).
According to official data, India's growth rate slipped to 6.1 per cent in the January-March quarter and 7.1 per cent, during 2016-17.
The strategic partnership policy in defence will help attract FDI as global investors would be assured of orders, Defence Minister Arun Jaitley today said.
He made the remarks after over an hour long wide-ranging talks with German Chancellor Angela Merkel on a host of key issues like trade, skill development, and climate change.
The Cabinet on Wednesday approved a 'Buy in India' policy with an aim to boost domestic manufacturing and services by granting preference to local suppliers.
According to the global financial services major, notwithstanding the "gradual pace" of recovery on the ground, the government's current measures are steps in the right direction.