ENA Economy 2025-01-16 14:02:52 <p><span style="font-size:14px"><strong>New Delhi, Jan 16 (KNN)</strong> The Department for Promotion of Industry and Internal Trade (DPIIT) convened its second round of stakeholder consultations on Wednesday, meeting with pension funds and investment firms to explore strategies for enhancing foreign direct investment (FDI) into India.</span></p> <p><span style="font-size:14px">This follows last week's discussions with law firms and industry chambers, where several policy modifications were proposed.</span></p> <p><span style="font-size:14px">During the earlier meeting, stakeholders suggested various reforms, including allowing e-commerce companies to utilise FDI in inventory-based models specifically for export purposes.</span></p> <p><span style="font-size:14px">Additional recommendations focused on clarifying beneficial ownership definitions under press note three, which currently requires government approval for investments from countries sharing land borders with India, and refining single-brand retail trading policies.</span></p> <p><span style="font-size:14px">These consultations come as India marks a significant milestone, with cumulative FDI inflows surpassing USD 1 trillion between April 2000 and September 2024.</span></p> <p><span style="font-size:14px">The services sector leads in attracting foreign investment, followed by computer software and hardware, telecommunications, trading, construction development, automobile, chemicals, and pharmaceuticals.</span></p> <p><span style="font-size:14px">Recent data reveals a robust 45 per cent year-on-year increase in investment flows, reaching USD 29.79 billion in April-September of the current fiscal year, with notable growth in services, computer technology, telecommunications, and pharmaceutical sectors.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40664 https://knnindia.co.in/news/newsdetails/economy/govt-moves-to-boost-fdi-holds-consultations-with-pension-funds-and-investment-firms 2025-01-16 14:02:52 knnindia.co.in