117% INCREASE IN FDI INFLOWS IN APRIL-MAY: KAMAL NATH
Date : 27 Jul 2005
Location : New Delhi
Inflows of foreign direct investment (FDI) into India (equity component only) have shown an increase of 117% during April-May 2005-06, having reached a figure of US $ 912 million as against US $ 421 million during April-May of the previous financial year 2004-05. This was indicated by Shri Kamal Nath, Union Minister of Commerce & Industry, at a news conference here today.
FDI inflows (equity component only) into India during the financial year 2004-05 stood at US $ 3.75 billion, a growth of 42% over 2003-04. Shri Kamal Nath said that FDI inflows during the current financial 2005-06 were expected to be in excess of US $ 6 to 7 billion (equity component only).
The major investing countries in India are USA, Netherlands, Japan, the UK and Mauritius.