India attracts $20 billion Investment recent months
Coronavirus has not only stopped but also destroyed the working of the major economies of the world but India has drawn almost $20 billion investment from more than 15 companies including Google, Facebook, Walmart etc. This will open doors for more opportunities in the Indian market.
Multinational Technological Giant Google, has announced investing $10 billion in India over the next 5-7 years through partnerships and equity investments.
America based Social Media Networking Company, Facebook has invested 5.7 billion dollars in Reliance Jio Platforms, by taking up around 10% stake in the company. This is considered to be the largest investment by Facebook in another company.
Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group and commonly known as Foxconn, is one of the world’s largest technological companies. This Taiwan based company has planned to invest around $1 billion in India to expand a factory in South India.
Another US-based MultiNational Company, Walmart retail corporation has announced to raise investment in e-commerce giant, Flipkart by $1.2 billion.
To take the initiative of building 5G networks in India, Reliance Jio receives $97 million from Qualcomm Ventures, the finance arm of chipmaker Qualcomm Inc.
WeWork Global has planned to invest $100 million in WeWork India. It is also a US-based commercial real estate company.
Hitachi, a Japanese multinational company will invest $15.9 million in trains of Indian Railways.
South Korea based automobile industry Kia motors have announced to invest Rs 400 crore in its factory in Andhra Pradesh.
Public Investment Fund Saudi Arabia, has announced Rs 11,000 crore in Jio platforms. It is among the world’s largest sovereign wealth funds.
Many other companies are investing in India in recent months, which includes Hyundai, Tsuzuki, Samsung and many more.