India. FDI inflows during Jan-Sept up by 41%
2011-11-22 10:46:25
Foreign Direct Investment or FDI in India during January-September 2011 rose by 41 percent to $22.5 billion, compared with $15.97 billion in the corresponding period a year-ago, despite uncertain global economic environment, PTI reported. Experts maintained that the government should further streamline policies and make the environment more conducive to FDI.
The sectors that attracted maximum FDI during this period include services (financial and non- financial), telecom, housing and real estate, and construction and power, according to the industry ministry's latest data.
Mauritius, Singapore, the US, the UK, the Netherlands, Japan, Germany and the UAE are the major investors in India.
In 2010-11, the FDI inflows totaled $19.42 billion, down from $25.83 billion in 2009-10.
Recently, the government further liberalized the FDI regime, allowing overseas investment in bee-keeping and share-pledging for raising external debt.
Besides, the conditions for FDI in construction of old-age homes and educational institutions have been eased. These will not be subject to the minimum and built-up area, capitalization and lock-in period norms as applicable for the construction activities.