India Sets $100 Billion Annual FDI Target to Woo Companies Away from China

India aims to attract $100 billion in annual foreign direct investment (FDI) over the next 5 years as it woos companies looking for alternatives to China
The ambitious $100 billion target would reverse the recent declining trend in India's FDI below $70 billion annually
Companies like Apple and Samsung have increased manufacturing in India, taking advantage of government incentives
Boosting manufacturing as a share of India's economy has been a key promise of Prime Minister Modi as he seeks a third term
The government is addressing issues like delays in visas for Chinese technicians needed to install machinery for manufacturers