Overview
- Commerce Minister Piyush Goyal met stakeholders at Vanijya Bhavan to discuss steps to make foreign investment flows faster, smoother and more efficient, with the ministry saying consultations will continue.
- Speaking at FICCI’s 98th AGM curtain-raiser, he urged industry to set bold targets, boost domestic funding for startups and R&D, build a manufacturing hub, and prioritise skilling and innovation.
- Goyal said greater investment would create jobs, bring new technologies, promote R&D, support defence manufacturing, and stabilise the currency to help contain inflation.
- He stated that the government has readied the third edition of the Jan Vishwas Bill to further decriminalise provisions and make life easier for businesses and citizens.
- Context from recent data showed FDI rose 15% to USD 18.62 billion in April–June, even as many foreign portfolio investors reportedly turned underweight on India, with deeper industry–government engagement expected at FICCI’s Nov 28–29 AGM.