India an attractive investment destination for global companies

Leading world companies have announced a slews of investments in India following the Covid-19, as China now loses its sheen as a favored destination



PUBLISHED BY
Christy Gren



TAGS:


2 years ago



THRD_IDMerit_Ad

Square-Add

India became an attractive destination for international investment after the economy became more liberal in the 1990s and foreign investment rules were loosened up in certain sectors.

After China, India has emerged as a favorable destination for foreign companies to look for talent and export the same to service their Information and technology industries.

India has become the digital capabilities hub of the world with around 75% of global digital talent present in the country.

foreign investment in india international investment

After China, India has emerged as a favorable destination for foreign companies to look for talent and export.

India is no longer just an exporter of talent and a back-end service provider of IT products and related fields. It has also become an attraction for companies interested in retaining a workforce that is skilled and a semiskilled one to man the factories that they intend to set up to service and supply the varied sectors.

A lot of tech behemoths have Indian heading the show or being a part of the C-Suite. Sundar Pichai and Satya Nadella of Microsoft are a case in point. And nowadays India is emerging as a global leader in trade after China, amidst the developing countries. India has become an attractive hub for international technology companies like Apple, Samsung, IBM, One plus, etc.

Post-Covid-19, the attraction for India has grown tremendously with the world unhappy at the way China handled the crisis. And subsequently its aggressive stance in the trade war with the US, its expansionist ambitions in the South China sea and economic push in Africa and Asia are all worrying factors.

India, with its democratic government and a huge working-age population with passable access to English is now a popular destination for world business leaders to set up shop here. Suddenly there is a slew of investments in the Indian continent.

The Ministry of External Affairs (MEA) recently said that more than 15 companies invested almost $20 billion in the country between April and July. Walmart, Facebook, Google, Hitachi have all promised billions of dollars in mergers and investments in India.

The confidence in India is appealing as many credit rating agencies and even the International Monetary Fund have predicted a negative growth rate of -4.9 per cent for the world economy in 2020 and a sharp contraction by 4.5 per cent for the Indian economy.

List of Foreign Companies Investing in India

Here is list of companies that have announced their investment in India in the last few months.

Google: Tech giant Google, headed by Sundar Pichai, Monday that it will be investing $10 billion in India over the next 5-7 years through partnerships and equity investments. It has announced a partnership with Jio of Reliance worth $6.5 billion on Thursday.

The focus is cloud computing, education and internet reach.

Facebook: The social media company recently made a $5.7 billion investment in Reliance Jio Platforms in and gained a 10 per cent stake in the company. This is Facebook’s largest investment in any company.

Saudi Arabia’s PIF: Saudi Arabia’s Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds, will be be investing over Rs 11,000 crore in Jio Platforms.

Walmart: Walmart extended its faith in Flipkart by announcing its majority stake in the e-commerce giant with a new investment of $1.2 billion in the website.

Foxconn: Foxconn from Taiwan which manufacture electronics and is Apple’s premier supplier of parts will  invest $1 billion in India to expand a factory in South India.

Qualcomm Ventures: The company has plans to invest Rs 730 crore in Jio Platforms.

Thomson: The France-based consumer electronics company will invest Rs 1,000 crore in India spread over the next 5 years.

WeWork Global: WeWork Global, a co-working space, has decided to invest i $100 million to “boost sustainable growth”in its Indian arm.

Christy Gren
Christy Gren is an Industry Specialist Reporter at Industry Leaders Magazine she enjoys writing about Unicorns, Silicon Valley, Startups, Business Leaders and Innovators. Her articles provide an insight about the Power Players in the field of Technology, Auto, Manufacturing, and F&B.

Leave a Reply

Your email address will not be published.

Recent Posts

Swiss Water Battery Gives Earth Lifeline In The Form Of Green Energy

Swiss Water Battery Gives Earth Lifeline In The Form Of Green Energy

Equivalent of 400,000 electric car batteries, the Swiss water battery is going to bring in stability in a great deal in terms of energy resources. The 900 MW ‘water battery’ wh
4 hours ago
Crypto Crisis Takes Down Crypto Advertising

Crypto Crisis Takes Down Crypto Advertising

With stocks crashing and inflation rising, the crypto crisis has turned acute, showing us that it is connected to the overall market. Analysts predict that the downturn will contin
4 hours ago
Warren Buffett Occidental Stake Balloons To Nearly 17 Percent

Warren Buffett Occidental Stake Balloons To Nearly 17 Percent

Warren Buffett Occidental stake sojourn started in February 2022 after he listened to an analyst’s presentation on the company. He soon started buying up Occidental stock warrant
22 hours ago
July Fourth Fireworks – An Expensive Celebration With Inflation

July Fourth Fireworks – An Expensive Celebration With Inflation

According to the American Pyrotechnics Association (APA), overall costs to the industry are up 35%. Meanwhile, local businesses are trying to keep prices manageable so that people
2 days ago
What Do We Do About Imposter Syndrome?

What Do We Do About Imposter Syndrome?

Accomplished comedienne and writer Tina Fey has described the imposter phenomenon as oscillating between extreme self-doubt and egomania.
2 days ago
Electric Vehicle Maker Polestar SPAC Goes Public on Nasdaq

Electric Vehicle Maker Polestar SPAC Goes Public on Nasdaq

Experts believe that although EV stocks initially benefited from the optimism prevalent in the market, supply chain issues and high prices have put a dampener on demand for electri
4 days ago