Maharashtra, Delhi NCR corner 54% of FDI in FY11
Maharashtra and Delhi & National Capital Region attracted over 50% of the FDI inflows into the country during 2010-11, according to the industry ministry data.
June 18, 2011 / 11:39 IST
Maharashtra and Delhi & National Capital Region attracted over 50% of the foreign direct investment (FDI) inflows into the country during 2010-11, according to the industry ministry data.
Maharashtra attracted maximum foreign inflows at USD 6.09 billion (Rs 27,669 crore), which is 35% of the country's total FDI of USD 19.42 billion during 2010-11. Delhi & National Capital Region (NCR), including parts of Uttar Pradesh and Haryana, received USD 2.67 billion (Rs 12,184 crore) FDI during the last financial year.The NCR cornered 19% of the country's total FDI.According to experts, the main reason for the maximum inflows into Maharashtra and NCR is substantial improvement in infrastructure."Infrastructure in these areas have improved considerably and that is making them attractive destination for FDI in India," an economist said.Tamil Nadu, including Pondicherry, attracted FDI inflows worth USD 1.35 million during the period, followed by Karnataka (USD 1.33 billion), Andhra Pradesh (USD 1.26 billion) and Gujarat (USD 724 million).Sectors which attracted maximum FDI include services, telecommunication, metallurgical industries, power, computer hardware and software, and construction activities. During the period under review, the highest FDI of USD 6.98 billion came from Mauritius followed by Singapore (USD 1.70 billion), Japan (USD 1.56 billion), the US (USD 1.17 billion) and the Netherlands (USD 1.21 billion).Overall, FDI inflows dropped by 25% to USD 19.42 billion during 2010-11 against USD 25.83 billion in the year-ago period. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
