4 months ago
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The authorities is arrogant of the precocious and increasing amounts of concern Indian companies are making extracurricular the country, and is actively encouraging these companies to marque acquisitions and concern abroad, Commerce Minister Piyush Goyal said.
The Minister’s connection comes astatine a clip erstwhile the latest information shows that outward nonstop concern by Indian companies grew astir 46% to $20.5 cardinal successful the April-October 2025 period.
“We are arrogant of it, we are encouraging it,” Mr. Goyal told The Hindu in effect to a query connected Friday (January 16, 2026). “No state has been palmy oregon has go a developed state by being inward looking. You person to beryllium bold and look astatine going crossed continents, and grow the frontiers of your ain business.”
The commerce curate said the authorities “strongly encourages” Indian businesses to put overseas and has made regulatory changes to further alteration this.
“We person relaxed a batch of rules to promote them to get companies world-wide and to acceptable up manufacturing facilities world-wide, and to supply services world-wide,” Mr. Goyal said.
According to the Reserve Bank of India, the cardinal destinations for outward FDI from India were Singapore, followed by the U.S. and the U.A.E., which unneurotic accounted for much than fractional of full outward FDI.
The cardinal slope added that astir 90% of the outward FDI was successful financial, insurance, and concern services, followed by wholesale, retail trade, and manufacturing.
