India FDI up 41-pt to US$22.5bn to September

Winner of the iPhone X promotion Dulvin Witharane receiving his gift from Tilan Wijeyesekera, Deputy General Manager – Retail Banking and Dinesh Jebamani, Chief Manager – Liability Products and New Age Media

NEW DELHI, Nov 25 (AsiaPulse) – Foreign Direct Investment in
India surged by 41 per cent to US$22.5 billion during the
January-September period this year, despite the uncertain
global economic environment. During January-September 201O, the country had attracted
Foreign Direct Investment (FDI) worth US$15.97 billion.

Experts maintained that the government should further
streamline policies and make the environment more conducive to

The sectors that attracted maximum FDI during the nine –
month 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.

The FDI inflows totalled US$19.42 billion in 2010-11
financial year, down from US$25.83 billion in 2009-10.

Recently, the government further liberalised 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