Union Government to Ease Processes to Boost Foreign Direct Investment, Says Goyal
28 Aug 2026Updated 16 days ago1 source
Union Minister Goyal stated that the government aims to simplify procedures to attract more Foreign Direct Investment (FDI). He emphasized that the investment model should support the entire value chain to promote domestic manufacturing. For instance, the government wants titanium dioxide, a paint industry input currently accounting for $1 billion in imports, to be produced locally.
NIKAN Intelligence
What happened
Union Minister Goyal announced that the government plans to ease regulatory processes to boost Foreign Direct Investment (FDI) in India. The focus is to move beyond large companies and strengthen the entire value chain to encourage domestic manufacturing.
Why it matters
Reducing FDI process complexities can accelerate industrial growth and local manufacturing. Targeting high-import inputs like titanium dioxide, which costs India $1 billion annually, aims to reduce trade deficits and build self-reliance.
What we know
- The government is looking to ease processes to boost FDI.
- The investment model will target the entire value chain for downstream indigenisation.
- India currently imports titanium dioxide worth approximately $1 billion for the paint industry.
- The government wants titanium dioxide to be manufactured domestically.
What we don't know
- The specific regulatory processes that will be eased.
- The timeline for implementing these process changes.
- Any specific incentives planned for domestic titanium dioxide manufacturing.
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