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India prepares targeted investment pitch for foreign investors

A list of close to 1,000 global companies has been prepared by Invest India for investment pitches

May 07, 2020 / 14:47 IST

India has stepped up its game to attract investments from companies looking for newer avenues and those considering shifting from China amid the coronavirus pandemic.

A list of close to 1,000 global companies has been prepared by Invest India for investment pitches, CNBC-TV18 reported. Invest India is a government arm under DPIIT to promote and facilitate global investment in the country.

The companies targeted for investment pitches cover 10 sectors – electronics systems design & manufacturing, auto, capital goods, textiles, mining, renewables, metal, pharma, medical equipment, and oil & gas.

The countries being targeted include the United States, Japan, Germany, Taiwan, France and the Middle East.

Foreign companies based in China, with a strong focus on exports, will also be approached, as per the report.

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The companies were shortlisted based on 28-30 parameters such as balance sheet, supply chain expansion plans, presence of competitors in India and G2G relationship, sources told the channel.

The source added that COVID-19 could be a catalyst for global companies to set up alternate and resilient supply chains.

Follow our full COVID-19 coverage here

Moneycontrol News
first published: May 7, 2020 02:47 pm

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