New Delhi: India has the potential to attract annual Foreign Direct Investment (FDI) in the region of USD120-USD 160 billion by 2025, according to Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles.

"We have the ability to attract an annual FDI in the region of USD120- USD160 billion by 2025," he remarked via video link at the second edition of the CII National Conference on MNCs, 2021. "For the past seven years, we've seen record FDI, with each year breaking the previous record." According to the minister, the Centre has implemented a number of important policy and business reforms in order to improve the investment climate.

"The most recent and closest decisions, such as the privatisation of Air India, which was successfully bid by the Tata group, the removal of that very, very unfortunate 'Retrospective Tax,' which has, I believe, cost us dearly in terms of the investment climate for many years, the kind of reforms in 'Mining,' in the 'Coal' sector, ones that we are hoping to do in 'Power,' the huge 'Renewable Energy' growth storey in India, all of these Furthermore, Goyal stated that the 'National Single Window System' (NSWS) has been established to act as a one-stop-shop for investors' permissions and clearances.

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