India gets maximum FDI from Singapore
Published: December 22, 2016
As per the report by industry chamber PHDCCI and KPMG, in 2015-16, India had received the maximum FDI inflows from Singapore followed by Mauritius, the US, the Netherlands and Japan. India had attracted $13.69 billion FDI from Singapore in 2015-16. The survey has also stated that 40% of FDI flows on average between 2000 and 2016, has went into services, telecom, construction, computer software and hardware sectors. The industry chamber PHDCCI has also called for the establishment of an effective project monitoring group that needs to be activated at all states and UTs in order to have a progressive approach towards investment proposals and increase them.
The Foreign Direct Investment refers to the direct investment into the production and management and brings in funds with long term commitments. FDI brings into the country foreign capital, technology & management.