Pharma sector tops FDI inflow

Electrical equipment including computer software with $57 million captured the second slot in terms of FDI inflow, while the approvals were more in transportation worth $72 million.

May is the latest month for which the government has collated the figures of foreign investment, the sources added. Cement and gypsum products came third in terms of FDI approvals of $67.5 million, while in terms of inflows, fuels (power and oil refinery) were in the third place with $40.5 million.

During May 2000, the highest FDI inflow was received from Mauritius, followed by US, France, Japan and Netherlands. Mauritius invested a total of $115 million, while US brought in $86.32 million. US was followed by France which invested $49 million, Japan $25 million and Netherlands $15 million.

In terms of FDI approvals, the top five investing countries are Mauritius, followed by Japan, US, Germany and Singapore. Mauritius tops the list with an approval of $119 million, followed by Japan with $46.61 million and US with $33.21 million. Germany has an approval to invest $28.05 million and Singapore $14 million.

During May, a total of 215 proposals (including technical collaborations) were approved by the government involving FDI totalling Rs 1728.42 crore ($401.96 million). Of these, 179 were FDI approvals and 36 were technical collaborations. FDI inflows amounted to Rs 1751.23 crore ($407.30 million) were received during the month.

During the first five months January to May 2000, FDI inflows amounted to $1.65 billion (Rs 7075 crore) which is an increase of over 19 per cent over the corresponding period the previous year. The inflow of $0.49 billion or Rs 2090.39 crore received during April 2000 was the highest during the five months of the current year, sources said.

In terms of FDI approvals, Mauritius is followed by Japan, US, Germany and Singapore. Maharashtra attracted the highest FDI inflow of $220.32 million during May, followed by Delhi $57.39 million. Uttar Pradesh attracted $50.18 million with Tamil Nadu at $13.41 million and Karnataka at $12.39 million inflows.