Quotes with Resistance & Support
Market Information

Singapore top Asian nation to invest in India

This article was posted on Jul 13, 2009 and is filed under Press Releases

Singapore continues to be the single largest investor in India amongst the Asian countries with FDI inflows into India rising to Rs 15,776 crore in 2008 from Rs 1,417 crore in 2005 .

Malaysia is a distant second with FDI inflows from there rising to Rs 453.8 crore in 2008 from Rs 21.3 crore in 2005 , according to a report on India-Asean Investment prepared by the industry chamber, Ficci.

The interest of these two nations and other countries in the Asean region is expected to get a boost when India and Asean sign the free trade agreement (FTA) next month and subsequently move towards a more comprehensive agreement facilitating investment between India and the region.

The Ficci analysis shows that while FDI inflow from Thailand actually came down from Rs 23.3 crore in 2005 to Rs 12. 9 crore in 2008, inflow from Indonesia rose from Rs 4.2 crore to Rs 24.5 crore.

What is noteworthy is that FDI from Myanmar, which invested a measly Rs 0.23 crore during the period August 1991 – December 2005, raised its stakes sharply in India with inflows shooting up to a whopping Rs 34.7 crore in 2008.

Inflows from the Philippines actually dropped from Rs 4.2 crore in 2005 to Rs 0.07 crore in 2008. During the two years, there was no FDI from Vietnam into India as also from Laos, Cambodia and Darussalam.

Sector-wise distribution of FDI inflows received from Asean countries (consolidated amount of seven countries) during between January 2000 and December 2008 reveals that the highest inflows have been in the services sector (financial and non financial), which accounts for about 30% of FDI inflows from Asean. Petroleum and natural gas occupies the second place followed by computer software and hardware, mining and construction.

source: yahoo finance

Tags: , , , , , ,

Similar Posts: