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FDI inflow up133% at $814 mn

August 13, 2004 17:05 IST
Source:PTI

Propelled by strong growth in the pharmaceutical sector, India's foreign direct investment jumped over 133 per cent to $814 million during April-June 2004 as compared to $349 million reported in the corresponding quarter last year.

FDI inflow during June registered nearly 125 per cent growth at $380 million against $169 million during the same month last year.

In the reported month, Mauritius contributed the highest FDI of 58.81 per cent, while inflow from the US stood at 14.24 per cent followed by Sweden at 11.50 per cent, UAE at 3.07 per cent and Italy at 2.09 per cent.

Pharmaceutical sector attracted the highest FDI inflow at 28.29 per cent, followed by electronic equipment at 11.33 per cent, banking service at 6.83 per cent, manufacturers and steel at 4.88 per cent and agriculture services at 2.31 per cent, an official statement said.

Delhi received over 18 per cent of the FDI followed closely by Karnataka (16.90 per cent), while Maharashtra logged 10.33 per cent of the FDI inflow.
Source: PTI
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