Department of Industrial Policy & Promotion (DIPP) Secretary, Ramesh Abhishek is confident of seeing at least around 30 percent growth if not more, in foreign direct investment (FDI) into India next year, which will be similar to this year’s growth number.
According to him, foreign investors are showing enormous interest in India. Investors are keen to enter the telecom space, electronics space etc in India.
The reforms process of FDI rules is an ongoing process and government is looking at various aspects like ease of doing business, better infrastructure etc to simplify processes.
IKEA is extremely positive on India and is keen to open around 25 stores. It is looking at an investment of around Rs 10,500 crore, said Abhishek. IKEA already is sourcing its global requirements from India and now it’s planning to put up stores, said Abhishek, from the sidelines of WEF at Davos.
From the Budget 2017, he expects there to be more reforms and higher spending on infrastructure.
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