India Secures 511M USD in Foreign Direct Investment
India has secured twenty-nine foreign direct investment proposals worth five hundred eleven million dollars under a new automatic route for neighboring countries. The investments span technology, manufacturing, and pharmaceuticals under eased approval rules.
India secured 48.95 billion rupees ($511.5 million) in foreign direct investment across 29 proposals during Friday morning trade. The inflows follow a revised automatic route allowing up to 10% non-controlling stakes for investors from land-bordering nations.
