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FDI inflow up 47%

Last updated on: August 18, 2006 14:44 IST

Foreign Direct Investment inflows into India increased 47 per cent to $1.7 billion in April-June quarter this fiscal, compared to $1.1 billion in the same period last fiscal.

FDI inflows in  June grew 102 per cent to $534 million, as against $264 million in June last year, Commerce Minister Kamal Nath said.

India's export during July increased 41 per cent to $10.2 billion, while total exports in April-July this fiscal rose by 34 per cent to $38 billion, he said.

Imports in July increased 24 per cent to $14.1 billion, while cumulative imports in the first four months of this fiscal rose 29 per cent to $54.5 billion.

Nath said these were provisional figures compared to the year-ago period provisional figures and added that these "will be revised upwards".

Real estate FDI: Country receives Rs 594.33 crore (Rs 5.94 billion) FDI in housing, real estate and urban infrastructure.

Canada, China, Germany, Russia, Singapore, US, UK were some of the countries from where this FDI was received from January, 2004 to April, 2006, Minister of State for Housing and Urban Poverty Alleviation Kumari Selja said in a written reply in Lok Sabha.

To catalyse investment in real estate to generate economic activity, employment opportunities and add to the available housing stock and built up infrastructure, the government has allowed FDI upto 100 per cent under automatic route for townships, housing, built-up infrastructure and construction, she said.

It could include commercial premises, hotels, resorts, hospitals and educational institutions, she added. 

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