Years ago no any foreign company was ready to invest in India;
but now time has changed and many foreign companies are investing in India. India
has emerged on top of the foreign direct investment league table, overtaking
china and the US. A ranking of the top destinations for Greenfield investment
in the first of 2015 shows India at number one, having attracted roughly $3
billion more than china and $4 billion more than the US, according to the
financial times newspaper. Investors have started taking interest in the India
growth story. India’s growth is expected to be the fastest among large
economies.
According to The Times of India, During April-June this year,
FDI into country grew 31%. Google is planning to invest Rs1500 crore in a new
campus in Hyderabad. CISCO will invest $2 billion and it will also invest
additional $60 million in India on training and facility expansion. Microsoft Corporation plans to establish
three data centres in India with an investment of Rs1400 crore. Uber
Technologies plans to invest $1 billion in India as it expands service beyond
18 cities in India in which it operates. Uber is investing $50 million in
Hyderabad over the next five years to establish a facility that will be its
biggest international office. General
Motors is planning to invest Rs6400 crore in India. It also plans for a
multiple-fold jump in exports from India. It could add 12000 new jobs to GM
India and its suppliers. Mars plans to invest about $160 million in a
manufacturing plant in Pune. Some of the key chocolate brands such as Snickers and
Galaxy will soon be produced in India. Johnson and Johnson’s biggest
manufacturing facility in India is set to come up in Telangana with an
investment of Rs4000 crore. Coming up on 48 acres, the plant will be
operational from 2016 and will employ 1500 people. Hilliard Energy plans to
invest $600 million to set up 500MW solar and 150MW wind energy projects in
Andhra Pradesh.
No comments:
Post a Comment