India's foreign direct investment (FDI) inflows exceed US$ 100 billion
India has received more than US$ 100 billion foreign direct investment (FDI) through equity since 2000 up to July this year, according to the data released by the Department of Industrial Policy and Promotion (DIPP).
The cumulative FDI inflows since 2000 and up to July 2009 amounted to US$ 100.33 billion, with the inflows in the first four months of the current financial year amounting to US$ 10.49 billion, according to DIPP. The major investors accounting for this inflow include Singapore, the US, the UK and the Netherlands.
India's services sector attracted the most inflows, accounting for 23 per cent of the cumulative equity FDI inflows followed by computer software, hardware, telecommunication and real estate.
As much as 44 per cent of the money came through the Mauritius route, apparently because the investors wanted to take advantage of India's double taxation avoidance treaty with the island nation. The other big investors included Singapore, the US, UK and the Netherlands.
According to the World Investment Report, 2009, of the UN body UNCTAD, global FDI flows will shrink by 30 per cent in 2009 and recover only marginally during the next year..... Click Here
This testifies that the
India is increasingly seen as a safe and sound investment destination in the midst of the global financial crisis.
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