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Home > Business > PTI > Report

India attracts $332 million FDI in Oct

January 17, 2003 18:11 IST

India attracted foreign direct investment inflows of $332 million during October, 2002 with electrical equipment sector attracting the highest share at close to $80 million.

As per official data, textiles attracted the second highest FDI inflows of $37 million accounting for a 18.4 per cent share followed by trading and services sector with $13.7 and $12.1 million, respectively.

Fuel sector, which includes power and oil refinery, garnered $13 million accounting for 6.52 per cent share.

Among the states, Maharashtra attracted the highest FDI during the month at around $140 million accounting for nearly 70 per cent of the total inflows. The state was followed by Delhi in a distant second place with a mere $31.6 million.

The top five investing countries in terms of FDI inflows were Mauritius, Indonesia, US, Singapore and UK during the month with Mauritius accounting for a 60 per cent share of the total inflows at $120 million.

Indonesia accounted for 10.4 per cent share at $20.8 million followed by the US with $16.9 million.

Of the total inflows of $332 million, the percentage share has been worked out on the amount of $200.1 million, which has been received through the Secretariat of Industrial Assistance, Foreign Investment Promotion Board and Reserve Bank of India's automatic route.

Specific data is not available for the remaining amount of $131.9 million dollars received through ADRs/GDRs, acquisition of shares and RBI's-NRI schemes.

© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.



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