FDI rises 31% to 27.5 billion US Dollars last year
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Foreign direct investment, FDI, in India went up by 31 per cent to 27.5 billion US Dollars last year, notwithstanding uncertain economic environment globally. FDI inflows in 2010 totalled USD 21 billion.
According to the Industry Ministry's latest data, the sectors that attracted maximum FDI last year include services, telecom, housing and real estate, and construction and power. Mauritius, Singapore, the US, the UK, the Netherlands, Japan, Germany and the UAE are the major investors in India.
To boost FDI inflows, the government has liberalised the FDI regime, allowing overseas investment in bee-keeping and share-pledging for raising external debt. Besides, 100 per cent foreign investment has been allowed in single-brand
retail sector.
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