Gulte News
According to CII-FFI-EY survey reports, India is emerging as one of the top 3 choices for Overseas Investments in the coming two-three years. India is going to be the first option for future investments for a two-thirds majority of Multi-National-Companies respondents.
The survey also acknowledges that 25 percent of the respondents, who represents their Non-Indian HQ MNCs, choose India as their first choice for future Investment. Eighty percent of the respondents and 71 percent of the Non- Indian headquarters is planning to make investments worldwide in the next 2-3 years, says the reports.
Nearly, 30 per cent of the industry plan to invest more than $500 million and 50 percent of them see India as one of the leading among the top 3 economies or the top manufacturing destinations all over the world by 2025, cited in the reports.
“The CII-EVY survey vigorously shows that the recent structural reforms, proactive government practices and also the instantaneous rise in economic activity following the unlock measures are tending to bring the global investor interest,” said Chandrajith Banerjee, the director-general of CII.
Non- Indian HQ MNCs envision that bulk investments in infrastructure,100 smart cities including financial sector reforms will support in launching India as a desirable destination for FDI”, it added.
Besides, the survey has introduced few key recommendations which are expected by the investors, that would be Infrastructure Development, faster consent following the proper implementation of the labour laws and availability of labour as the primary issues. At last, companies foresee that government to focus on, followed by R&D, innovation and Tax reforms.
In terms of trade policy reforms, Investors expect to see a quick turnaround time for the exports and imports, trade facilitation measures and the improved cargo handling in time.
