Growth of Foreign Direct Investment in Indian Textile Sector
T. Selva Kumar1, A. Gunasekaran2, G. Vinayagamoorthi3
1Dr. T. Selva Kumar, PG and Research, Assistant Professor, Department of Economics, The American College Autonomous, Madurai (Tamil Nadu), India.
2Dr. A. Gunasekaran, Teaching Assistant, Department of Commerce, Madurai Kamaraj University College, Madurai (Tamil Nadu), India.
3Dr. G. Vinayagamoorthi, Assistant Professor, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 18 September 2019 | Revised Manuscript received on 05 October 2019 | Manuscript Published on 11 October 2019 | PP: 222-227 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B10380982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1038.0982S1019
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Apart from being a critical driver of economic growth, foreign direct investment (FDI) is a major source of non-debt financial resource for the economic development of India. Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges such as tax exemptions, etc. For a country where foreign investments are being made, it also means achieving technical know-how and generating employment. The Indian government’s favorable policy regime and robust business environment have ensured that foreign capital keeps flowing into the country. The government has taken many initiatives in recent years such as relaxing FDI norms across sectors such as defence, PSU oil refineries, telecom, power exchanges, and stock exchanges, among others. The proposed paper deals with the structure and growth in FDI in Indian Textiles sector during the post reforms periods in India.
Keywords: FDI, FPI, Textiles, Garments, Inflow, Ministry of Textiles.
Scope of the Article: Textile Engineering