India's Largest Database on New Projects
FDI
hits $916 million
November
20, 2006: In
September 2006, the Foreign Direct Investment (FDI) inflows had registered a
record of 225% growth touching of $916million, against $282 million in September 2005. The equity component of FDI inflows worth $4.4
billion was double the $2.2 billion received in the first half of last fiscal.
The
New Delhi region (Delhi, a part of Uttar Pradesh, and Haryana) had the largest
inflows worth $936.5 million in April-September 2006, a growth rate of 25.12%
over the same period last year. The Chennai
region (Tamil Nadu and Pondicherry) shown a hefty growth rate of 226.87% with $437.3 million during the
same period. Whereas the Mumbai region (Maharashtra, Dadra & Nagar Haveli, and Daman &
Diu)
With
$481.7 million worth of inbound FDI (a massive 305.16% growth over the previous
year), Singapore secured the second position while Mauritius with $2.54 billion continued to lead
the chart, showing a 185.49% increase. US bagged the third position with $406.3 million (25.82% growth), followed by the UK with
$113.3 million (down41.39%).
With
$1.5 billion (350.16% growth), the services sector topped the sectoral growth in
FDI inflows. Following which the electrical equipment sector had $777.9
million(246.27%growth)and telecommunications $405.2 million (950.39% growth).
Source : The Financial Express