The telecommunication sector, including radio paging, cellular mobile, basic telephone services, is the most favoured Foreign Direct Investment (FDI) sector. The telecom sector has attracted $891 million FDI in April-May 2010-11, the first two months of current fiscal.
The Second most favoured is the service sector that attracted $578 million investment during the same period. Further, metallurgical industries and power sector clinched third and fourth place with an investment of $461 million and $313 million respectively.
This is the result of the continued effort of Government to make the FDI policy more attractive and investors friendly. Recently, Department of Industrial Policy & Promotion (DIPP) has invited comments/ suggestions on the consolidated FDI Policy - Circular 1 of 2010 by 31st August, 2010. It is also expected that DIPP shall release Revised Consolidated FDI Policy i.e., Circular 2 of 2010 on 30th September, 2010. The Revised Consolidated FDI Policy may introduce the more relaxed policy regarding FDI in Multi-Brand Retail trading and Defense Sector.
Further, according to the latest official data by the Government, Mauritius is again the top investing Country in India with an investment of $1.29 billion during April-May 2010-11. The other top investing Countries are Singapore ($854 million), Japan ($369 million) and the Netherlands ($298 million) for the same period.
keep going brother.. nice article
ReplyDelete@Param.
ReplyDeleteThank you very much friend.