Manufacturing sector gets $21 billion FDI in FY22

PTI | | Updated on: Jul 28, 2022

Singapore emerged as the top investor with 27% of the total investments

The manufacturing sector attracted foreign direct investments worth $21.34 billion in 2021-22, an increase of 76 per cent year-on-year, the commerce ministry said on Thursday.

It said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce.

Singapore (27.01 per cent) and the US (17.94 per cent) have emerged as the top two investors during 2021-22 in India.

These were followed by Mauritius (15.98 pet cent), the Netherlands (7.86 per cent) and Switzerland (7.31 per cent).

"FDI equity inflows in the manufacturing sectors have increased by 76 per cent in FY 2021-22 (USD 21.34 billion) compared to previous FY 2020-21 (USD 12.09 billion)," it added.

The ministry said that despite the ongoing pandemic and global developments, India received the "highest" annual FDI inflows of $84.83 billion in 2021-22.

Top five sates receiving highest FDI in 2021-22 are Karnataka (37.55 per cent), Maharashtra (26.26 per cent ), Delhi (13.93 per cent ), Tamil Nadu (5.10 per cent ) and Haryana (4.76 per cent ).

Published on July 28, 2022
COMMENTS
  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like

Recommended for you