New Delhi, May 2 -- Despite ambitious government initiatives like 'Make in India' and the Production-Linked Incentive (PLI) scheme, India witnessed a significant drop in foreign manufacturing investments during the fiscal year 2024-25.

According to the Ministry of Corporate Affairs, only three foreign manufacturing companies established operations in the country during this period, all within the machinery and equipment sector.

This figure marks the second-lowest in six years, a stark contrast to the 10 foreign industrial firms that set up in 2020-21. In comparison, the services sector attracted 53 foreign companies in FY25, although this too reflects a decline from 91 in 2019-20.

The overall share of the industrial sector among newly ...