German firm from chemical sector to invest $1.5 billion in India: Goyal
The Hindu
German company to invest $1.5 billion in India, state identifies land, Minister Goyal announces at UIA session.
Commerce and Industry Minister Piyush Goyal on Saturday (March 29, 2025) said a German company from the chemical sector has decided to invest $1.5 billion in India, and a state has identified land for the project.
Though the Minister did not disclose the name of the company or the State, he said that the company's head is expected to meet the State's Chief Minister on Sunday.
The company will "have the allotment of land in his hand, and we will have a billion-and-a-half dollars of foreign direct investment coming into the country over the next 12 months", Mr. Goyal said at a session of the Union Internationale des Avocats (UIA) in New Delhi.
The company is looking for a parcel of land, which is about 250 acres near a port.
Germany is the ninth largest investor in India. The country has received about $15 billion foreign direct investment (FDI) during April 2000 and December 2024.
He said that more and more companies are looking at coming to India to explore business opportunities.
He added that the government has taken a series of measures to improve the business environment of the country by reducing compliance burden and decriminalising minor offences.
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