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FDI inflows up by 45 pc

Written by: Staff
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New Delhi, Mar 4 (UNI) Foreign Direct Investment (FDI) inflows into India in equity up to the third quarter of the financial year 2005-06 (April-December 2005) were 3.7 billion dollars, a rise of 45 per cent over FDI inflows during the corresponding period of the previous year.

This represents only the equity component of FDI. Inflows of FDI during April-December 2004 were 2.5 billion dollars, Commerce Minister Kamal Nath said at an Open House with Special Economic Zone (SEZ) stakeholders here today.

During the current year (April-December 2005), the major investing countries are Mauritius, USA, the UK, Singapore and Japan.

The major sectors attracting highest FDI inflows are electrical equipments (including computer software and electronics), services sector, cement and gypsum products, telecommunications and chemicals (other than fertilisers).

UNI YJ ARB BS1917

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