The Hindu Business Line : FDI inflow zooms to $814 m in Q1

THE foreign direct investment (FDI) inflow during the first quarter of the current financial year has shot up to $814 million compared to $349 million during the same period of the previous year, according to an official release.

Similarly, on the calendar year basis, the FDI inflows have also shown a significant growth and registered an inflow of $1,485 million compared to $881 million during the same period last year.

The inflow of FDI in the first quarter of the current financial year as well as in the first half of the calendar year, 2004 registered an encouraging trend and it may continue in the coming months of the current year, the release said.

During the month of June, FDI inflows stood at $380 million, compared to $169 million during the corresponding month of last year and against $217 million in May 2004-05.

Mauritius topped the list during June with a share of 58.81 per cent followed by the US with 14.24 per cent. Sweden ranked third with 11.5 per cent followed by the UAE and Italy with 3.07 per cent and 2.09 per cent, respectively.

The sector break-up in terms of share in the FDI inflow is: pharmaceuticals 28.29 per cent, electronic equipment 11.33 per cent, banking service 6.83 per cent, manufacturing and steel 4.88 per cent and agricultural services at 2.31 per cent.

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