amitroy

With different sectors opening up to add to economic growth, India has played up to its image of being one of the most attractive FDI destinations. The country has received upwards of Rs.11, 460 crore of FDI in the first half of this fiscal with top-notch companies including DSP Merrill Lynch, Barclays Bank and Mauritius-based TH Holdings.

Most FDI investments were in the services sector amounting to 8955.88 crore. The total investments of the top six investors falling under this sector amounted to Rs. 7,976 crore, more than half the total of what is labelled FDI from the service sector.

Commendable enough is the contribution of DSP Merrill Lynch Limited, India’s leading investment bank and broking firm that pump in more than Rs 2,230 crore between April 2006 and October 2006.

The collective investment that got parked in real estate and construction sector was to the tune of Rs. 1,252.79 crore. With the whopping investment of Rs. 321.70 crore, Mauritius-based IREO Investment Holding grabs the honor of making the highest FDI in the sector. The company also has plans for related projects and heavier inflows.

Manufacturing has also made its presence felt, attracting FDI worth Rs. 1,133 crore. Mahindra & Mahindra was at the helm of things as foreign financial investors made investments worth Rs. 260.6 crore. Barclays Bank made an investment totaling Rs 1,711.23 crore pitching itself to the second investor slot. Mauritius-based TH Holdings was not far behind, with an investment of Rs.1697.35 crore.

It gives a promising picture and a heady view of times to come for the economy of the country.

-Indianrealtynews.com