The next 10 years are going to be India’s “golden moment” forkey sectors such as technology, pharmaceutical, e-commerce and manufacturing, stated by a top venture capitalist from Silicon Valley, pointing at the USD 20 billion foreign direct investment in the country amidst the coronavirus outbreak. India has been known to have received foreign direct investment of over USD 20 billion during the last few months during the coronavirus pandemic, this has had an adverse affect on businesses across the world alongwith the over 6 lakh lives the infection has claimed so far.
According to the series of FDI into India post-COVID-19 outbreak, it has been stated that it is unprecedented by any standards. Prominent investments include USD 10 billion from Google, USD5.7 billion from Facebook, USD 1.2 billion from Walmart and USD 1 billion from Foxconn.
Amazon, one of the biggest e-commerce website continues to invest in India. Other companies are looking at India now. Private equity funds are looking into India alongwith sovereign funds will be looking forward to India. Definitely India is going to be “the hot” destination for technology money.
