What initiatives has the Indian government launched to boost foreign direct investment FDI
- Make in India: This initiative aims at promoting India as a global manufacturing hub by encouraging FDI in sectors like automobiles, textiles, defense, and electronics.
- Foreign Investment Promotion Board (FIPB): The FIPB was a single-window clearance system for FDI proposals, ensuring a speedy and transparent approval process.
- Liberalized FDI Policy: The government has regularly liberalized FDI regulations by allowing higher limits and easing restrictions in sectors such as construction, aviation, retail, and defense.
- National Investment and Manufacturing Zones (NIMZ): These zones were developed to attract FDI by offering various benefits like infrastructure support, tax incentives, and simplified procedures for setting up industries.
- Invest India: This initiative acts as a dedicated investment promotion and facilitation agency to guide and assist foreign investors in the country.
- Goods and Services Tax (GST): The implementation of GST has simplified the tax structure in India, making it easier for foreign investors to navigate the Indian market.
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