Is India Rising on the Global Stage with Robust Manufacturing and FDI Inflows?
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Synopsis
Discover how India's recent achievements, led by Commerce Minister Piyush Goyal, are setting the country apart on the global stage. From significant FDI inflows to reforms in manufacturing, find out what this means for the economy and local farmers.
Key Takeaways
- Piyush Goyal highlighted significant manufacturing achievements.
- FDI inflows reached $81.04 billion, a 14% increase.
- SEZ reforms reduced land requirements for factories.
- Export restrictions on leather products have been lifted.
- The PLI scheme has proven to be a game changer.
New Delhi, June 18 (NationPress) Commerce and Industry Minister Piyush Goyal on Wednesday highlighted several key advancements from the Ministry in recent weeks, notably in the realms of strong manufacturing and increasing FDI inflows.
Those involved in the semiconductor and electronics component manufacturing sectors have significant reasons to celebrate.
“Reforms in SEZ have been enacted to enhance investments and manufacturing. The land requirement for establishing a factory has been reduced to 10 hectares from the previous 50 hectares. Additionally, manufacturers are now permitted to supply domestically after fulfilling the necessary duty payments,” the minister shared on X social media platform.
In favorable news for leather exporters, particularly those from the MSME sector, restrictions on the export of finished, wet blue, and EI tanned leather have been lifted, enabling exports from any port or Inland Container Depots nationwide.
Moreover, the minister announced the removal of mandatory testing and certifications.
“India is solidifying its status as a prime global investment destination, evidenced by a FDI inflow of $81.04 billion in FY 2024-25, marking a 14 percent increase over 2023-24. Manufacturing FDI has surged by 18 percent, reaching $19.04 billion, providing a substantial boost to ‘Make in India’,” said Goyal.
An all-women Farmers’ Producer Company in Odisha is now able to export their famed Amrapali mangoes to Italy, which represents “a remarkable boost for our horticulture exports and an incredible opportunity for our farmers to enhance their earnings,” stated the minister.
The inaugural commercial shipment of premium cherries from Jammu and Kashmir is on its way to Saudi Arabia and the UAE. This opens up a vast market for farmers to sell their products and profit.
The Production Linked Incentive (PLI) scheme has been revolutionary for India’s manufacturing landscape.
“This scheme, which supports 14 diverse sectors across industries, has led to numerous success stories since 2020, making India competitive on a global scale, enhancing exports and production, and creating substantial job opportunities,” Goyal remarked.
Point of View
It's imperative to recognize the transformative steps India is taking towards becoming a global manufacturing hub. The government’s efforts in enhancing FDI inflows and supporting local farmers underscore a commitment to economic growth and sustainability. Such initiatives not only boost the economy but also empower communities, aligning with the nation's vision for progress.
NationPress
18/06/2025
Frequently Asked Questions
What are the recent achievements in India's manufacturing sector?
India has seen significant advancements in manufacturing, including a 14% increase in FDI inflows, reforms in SEZ regulations, and the removal of export restrictions on leather products.
How has the PLI scheme impacted the manufacturing industry?
The Production Linked Incentive scheme has supported 14 sectors, leading to numerous success stories since its inception in 2020, enhancing India's global competitiveness.
