labels: industry - general, economy - general
FDI inflows may exceed targetnews
05 October 2005

New Delhi: For the first time, the country is expected to attract $5-billion foreign direct investment (FDI) through the equity component alone during 2005-06.

This may mean that overall FDI inflows may easily cross the estimated $7 billion during the year.

The equity component of FDI inflows for 2004-05 has not yet been compiled, since the final FDI data including details of the reinvested earnings are still being compiled by the RBI.

Traditionally, the equity component of FDI inflows in India has been around 50-55 per cent of the total inflows.

The World Investment Report 2005 has identified India and China as the two most attractive investment destination among transnational corporations.

According to the preliminary data available with the FIPB on the basis of reports filed by companies, shows that the top 25 inflow cases received during April-July 2005 has already touched $1 billion.

Since most of the sectors do not require FIPB clearance and are on the automatic route, the inflows are thought to be higher once the FIPB data is collated along with the data compiled with the RBI.



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FDI inflows may exceed target