FDI- DESTINATION INDIA

INDIA ranks second in the world in terms of financial attractiveness, people and skills availability and business environment. This is revealed in AT Kearney's 2007 Global Services Location Index. Country's financial stability in the current environment of financial turbulence and a possible unwinding of macro imbalances sends clear message to the prospective foreign investors about India's position as an expanding investment destination. "India's external sector has displayed considerable strength and resilience since the reforms in 1991- despite several domestic as well as global political events and supply shocks in food and fuel........we partner with the global economy fully on the trade and current account while there is progressive liberalisation of the capital account, consistent with the progress in reforms in the real, fiscal and financial sectors", observed Dr Y.V.Reddy, Governor of India's central banking authorities, Reserve Bank of India (RBI) at the World Leaders Forum in New York in April this year. "The strong macro economic fundamentals, growing size of the economy and improving investment climate has attracted global corporation to invest in India. A major outcome of the economic reforms process aimed at opening up the economy and embracing globalization has led to to tremendous increase in Foreign Direct Investment inflows into India", says country's powerful industry lobby CII.

CUMULATIVE FDI EQUITY INFLOWS

In Rs Crore Cumulative amount of FDI inflows (From April 2000 to March 2009) Amount of FDI inflows during 2008-9 (From April 2008 to January 2009) Cumulative amount of FDI Inflows (Up to April 2009) 3,93,020 105,673 4,04,728 In US$ Million 89,819 23, 885 92,158

SOURCE: DIPP, Federal Ministry of Commerce & Industry, Government of India

Branding India as a "safe and stable" investment destination amid global financial turmoil, country's Commerce and Industry minister Kamal Nath expects despite the global financial meltdown, FDI inflows into India during the current fiscal year (200809) will close at $ 35 billion signifying over $ 11 billion invested in the previous financial year (India's fiscal year is April to March). In 2007-08, reinvested earnings of foreign firms in India stood at $ 5.5 billion. Global firms have routed most of the investment through tax havens like Mauritius and Singapore during 2007-08, while Japanese firms have poured more money into India. Lot of investment is expected to flow into petroleum, manufacturing and electronic hardware sectors, Nath said. Year Wise FDI inflows into Infrastructure sector during April 2000 to December 2007
(In US$ million) YEAR 2000-01 2001-02 2002-03 2003-04 AMOUNT 292.37 1902.26 347.33 388.37

2004-05 2005-06 2006-07 2007-08 (Up to December 2007) TOTAL

456.00 914.04 2179.39 4095.80 10575.56

SOURCE: Federal Ministry of Commerce and Industry, Government of India

Policymakers estimate that to sustain high growth rate India will need massive investment in the five year period to March 2012, including $500 billion in infrastructure, to sustain high growth rates. In January, India raised FDI limits in petroleum refinery, aviation, commodity exchanges, credit information companies and mining of some precious metals to attract more capital and boost growth in those sectors. The Congress(I)-led UPA government has plan to raise FDI limits in insurance to 49 cent. in fact the Cabinet has okayed it, now it will go to Parliament. However, the retail trade is yet to be opened further. The government is in the process of fine tuning FDI rules in order to make India more attractive as FDI destination.

FDI Equity Inflows (2008-09)

MONTHS April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 Year 2008-09 (Up to January 2009) Year 2007-08 (Up to January 2008) YOY Growth (%) In Rs crore 15005 16563 10244 9627 9995 11676 7284 5305 6626 13347 105673 58203 (+) 81 In US$ Million 3749 3932 2392 2247 2328 2562 1497 1083 1362 2733 23885 14466 (+) 65

SOURCE: DIPP, Federal Ministry of Commerce & Industry, Government of India

In FDI equity investments Mauritius tops the list of first ten investing countries followed by US, UK, Singapore, Netherlands, Japan, Germany, France, Cyprus and Switzerland. Between April 2000 and July 2008 FDI inflows from Mauritius stood at $ 30.18 billion followed by $5.80 billion from Singapore; $ 5.47 billion from the US; $ 4.83 billion from the UK; $ 3.12 billion from the Netherlands; $ 2.26 billion from Japan; $1.83 billion from Germany; $ 1.41 billion from Cyprus; and $1.02 billion from France.

Top ten investing (FDI Equity) countries (In Rs. crore)

COUNTRY 2005-06 2006-07 2007-08 2008-09 (from AprilMarch, 2009) 50794 (11208) 8002 (1802) 3840 (864) 15727 (3454) 3922 (883) 1889 (405) 2750 (629) 2098 (467) 5983 (1287) 1133 (257) 122919 (27309) Cumulative (From April 2000 to April 2009) 168485 (38305) 28303 (6404) 23002 (5246) 34467 (7934) 15957 (3611) 12041(2694) 9580 (2191) 5489 (1229) 11140 (2491) 4146 (948) 404728 (92158) % with total (inflows in terms of rupees) 44%

Mauritius

11441 (2570) 2210 (502) 1164 (266) 1218 (275) 340 (76) 925 (208) 1345 (303) 82 (18) 310 (70) 219 (49) 24613 (5546)

28759 (6363) 3861 (856) 8389 (1878) 2662 (578) 2905 (644) 382 (85) 540 (120) 528 (117) 266 (58) 1174 (260) 70630 (15726)

44483 (11096) 4377 (1089) 4690 (1176) 12319 (3073) 2780 (695) 3336 (815) 2075 (514) 583 (145) 3385 (834) 1039 (258) 98664 (24579)

USA

7%

UK

6%

Singapore

9%

Netherlands

4%

Japan

3%

Germany

3%

France

1%

Cyprus

3%

UAE Total FDI inflows*

1%

SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India Figures in bracket are in US$ million

The average FDI inflows per year during the 9th Plan was $ 3.2 billion and during the 10th Plan it increased manifold to stand at $ 16.33 billion the annual average being $ 6.16 billion. The top five sectors attracting FDI in fiscal 2007-08 included Services sector; Housing and Real Estate; Construction activities; Computer Software & hardware; and Telecommunications. The infrastructure sector that offers massive potential to attract FDI witnessed marked increase in FDI inflows during this fiveyear period. The extant policy for most of the infrastructure sectors permits FDI up to 100 percent on the automatic route. From $ 1902 million in fiscal 2001-02 the foreign investment in India's infrastructure sector increased to $ 2179 million in 2006-07. But fiscal 2007-08 witnessed significant increase in the FDI inflows in the infrastructure. In first nine months till December 2007 of fiscal 2007-08 stood at $ 4095 million. From 2000-01 to December 2007, total FDI in India's infrastructure sector stood at $ 10575 million. Sectors attracting highest FDI Equity Inflows (In Rs crore)

SECTOR Services (Financial & non-financial) Computer Software & Hardware Telecommunications Construction Automobile Housing and Real estate Power Metallurgical Chemicals (Other than fertilizers) Petroleum & Natural Gas

2005-06 2399 (543) 6172 (1375) 2776 (624) 667 (151) 630 (143) 171 (38) 386 (87) 6540 (147) 1731 (390) 64 (14)

2006-07 21047 (4664) 11786 (2614) 2155 (478) 4424 (985) 1254 (276) 2121 (467) 713 (157) 7866 (173) 930 (205) 401 (89)

2007-08 26589 (6615) 5623 (1410) 5103 (1261) 6989 (1743) 2697 (675) 8749 (2179) 3875 (967) 4686 (1177) 920 (229) 5729 (1427)

2008-09 (AprilJan '09) 23045 (5061) 6944 (1599) 10797 (2374) 6224 (1483) 1792 (441) 10632 (2408) 4079 (924) 3608 (850) 2561 (579) 1196 (263)

Cumulative (Apr.2000Jan 2009) 78742 (181189) 39111 (8876) 27544 (6216) 19606 (4646) 11648 (2678) 21794 (5119) 13709 (3130) 10956 (2613) 9442 (2244) 8509 (2043)

% of total inflows* 22% 11% 8% 6% 4% 6% 4% 3% 2% 3%

Figures in bracket are in US$ million * In terms of Rs. SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India

FDI Inflows (as per international best practices)

Reinvested earnings+ Other capital+ Total FDI inflows YOY growth (%)

EQUITY FIPB Route/ RBI's Automatic Route/ Acquisition Route 15483 2339 3904 2574 2197 3250 5540 15585 24575

FISCAL YEAR (APRILMARCH)

Equity capital of unincorporated bodies#

1991(August)-2000 (March) 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 (P)* 2007-08 (P)*

61 191 190 32 528 435 896 2292

1350 1645 1833 1460 1904 2760 5828 7168

279 390 438 633 369 226 517 327

15483 4029 6130 5035 4322 6051 8961 22826 34362

(+) 52 (-) 18 (-) 14 (+) 40 (+) 48 (+) 146 (+) 51

2008-09 (April-Dec) Cumulative Total (From August 1991-January 2009)

23885

334

3004

203

27426

99332

4959

26952

3382

134625

SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India

FDI Inflows (2007-08)

Of the total FDI amounting to $ 56450 million in first 11 months of fiscal 2007-08, direct investment stood at $ 25455 million. of this, equity investment accounts for the major share with $ 20636 million. Portfolio investments totaled $ 30995 million.

India: Foreign Investment Inflows (Fiscal 2007-08)

(In US$ Million) MONTH SEGMENT Ap r. Ma y Ju ne Jul y Au g. Se pt. Oct. No v. De c. Ja n. Fe b. Apr. to Feb

A. Direct Investme nt (I+II+III ) 1. Equity (a+b+c+d +e) a. Govt. (SIA/FIPB) b. RBI c. NRI d. Acquisition of shares. e. Equity capital of unincorpor ated bodies# Reinvested earnings+ Other capital ++ B. Portfolio Investme nt (a+b+c) a. GDRs/ADR s## b. FIIs**

16 43

21 20

12 38

70 5

83 1

71 3

202 7

18 64

15 58

17 67

56 70

254 55

164 3 76 699 868

212 0 847 105 0 223

123 8 177 912 149

705

831

713

202 7 95 171 0 222

186 4 82 965 817

155 8 127 138 5 46

176 7 221 884 662

567 0 259 470 4 707

206 36 225 4 135 37 434 5

177 515 13

76 512 243

117 201 395

500

447 6 343

19 74

18 52

36 64

67 13

28 75

70 81

956 4

10 7

52 94

67 39

89 04

309 95

11 196

5 184

300 327

202 8 468

448 -

1 705

273 1 683

158 -

270 8 239

249 649

87 -

872 6 219

3 c. Offshore funds & others Total (A+B)

332 3 20 44

265

899 1 32 34

71

85

23

190

298

36 17

39 72

49 02

74 18

77 94

115 91

17 57

68 52

85 06

564 50

* : Relates to acquisition of shares of Indian companies by non-residents under Section 6 of FEMA, 1999. Data on such acquisitions have been included as part of FDI since January 1996. ** : Represents inflow of funds (net) by Foreign Institutional Investors (FIIs). # : Figures for equity capital of unincorporated bodies for 2006-07 and 2007-08 (April-December) are estimates. # # : Represents the amount raised by Indian Corporates through Global Depository Receipts (GDRs) and American Depository Receipts (ADRs). + : Data for 2006-07 and 2007-08 are estimated as average of previous two years. ++: Data pertain to inter company debt transactions of FDI entities. : Include swap of shares of US $ 3.1 billion. Notes : 1. Data on FDI have been revised since 2000-01 with expanded coverage to approach international best practices. 2. These data, therefore, are not comparable with FDI data for previous years. Also see Notes on Tables of Table No 42&43. 3. Monthly data on components of FDI as per expanded coverage are not available. SOURCE: Reserve Bank of India

In recent times transational corporations from many developing and transition ecionomies have become very important investors in developed as well as less developeed countries either through M&A route or through greenfield investments. According to a reserve Bank of India report, TNCs from economies like China, Brazil, India, Russia and South Africa have emerged as global leaders in manufacturing and services sectors. The UNCTAD's World Investment Report 2007 revealed that global outward FDI amopunted to $ 1216 billion in 2006 registering significant growth in last 17 years from $ 230 billion in 1990. OUTWARD FOREIGN DIRECT INVESTMENT: WORLD & DEVELOPING COUNTRIES (In US$ Billion*)
2004 A. World outward FDI flows Outward FDI flows from developing economies. Of which South Africa Brazil China Korea India Singapore Russian Federation B. World outward FDI stock C. Income on outward direct investment D. Cross border M&As E. Total asset of foreign affiliates 1.4 9.8 5.5 4.7 2.2 8.1 13.8 10325 607 381 42807 0.9 2.5 12.3 4.3 2.5 5.0 12.8 10579 845 716 42637 6.7 28.2 16.1 7.1 9.7 8.6 18.0 12474 972 880 51187 877 117 2005 837 116 2006 1216 174

F. Exports of foreign affiliates G. Employment of foreign affiliates ('000) * Value at current prices

3733 59458

4197 63770

4707 72627

SOURCE: UNCTAD, World Investment Reports (2006 & 2007)

India: Foreign Investment Inflows (Fiscal 2007-08) (In US$ Million)

SEGMENT 199 596 A. Direct Investme nt (I+II+II I) 1. Equity (a+b+c+d +e) a. Govt. (SIA/FIPB) b. RBI c. NRI d. Acquisition of shares. e. Equity capital of unincorpor ated bodies# Reinvested earnings+ Other capital ++ B. Portfolio Investme nt (a+b+c) a. GDRs/ADR s## b. FIIs** c. Offshore funds & others Total (A+B) 199 697 199 798 199 899 YEAR 199 9200 0 200 001 200 102 200 203 200 304 200 405 200 506 200 607

214 4

282 1

355 7

246 2

215 5

402 9

613 0

503 5

432 2

605 1

896 1

220 79

214 4 124 9 169 715 11

282 1 192 2 135 639 125

355 7 275 4 202 241 360

246 2 182 1 179 62 400

215 5 141 0 171 84 490

240 0 145 6 454 67 362

409 5 222 1 767 35 881

276 4 919 739 916

222 9 928 534 735

377 8 106 2 125 8 930

597 5 112 6 223 3 218 1

164 82 215 6 715 1 627 8

61

191

190

32

528

435

897

135 0 279

164 5 390

183 3 438

146 0 633

190 4 369

276 0 226

509 1 506

274 8

331 2

182 8

-61

302 6

276 0

202 1

979

113 77

931 5

124 92

700 3

683 200 9 56 489 2

136 6 192 6 20 613 3

645 979 204 538 5

270 390 59 240 1

768 213 5 123 518 1

831 184 7 82 678 9

477 150 5 39 815 1

600 377 2 601 4

459 109 18 156 99

613 868 6 16 153 66

255 2 992 6 14 214 53

377 6 322 5 2 290 82

* : Relates to acquisition of shares of Indian companies by non-residents under Section 6 of FEMA, 1999. Data on such acquisitions have been included as part of FDI since January 1996. ** : Represents inflow of funds (net) by Foreign Institutional Investors (FIIs). # : Figures for equity capital of unincorporated bodies for 2006-07 and 2007-08 (April-December) are estimates.

# # : Represents the amount raised by Indian Corporates through Global Depository Receipts (GDRs) and American Depository Receipts (ADRs). + : Data for 2006-07 and 2007-08 are estimated as average of previous two years. ++: Data pertain to inter company debt transactions of FDI entities. : Include swap of shares of US $ 3.1 billion. Notes : 1. Data on FDI have been revised since 2000-01 with expanded coverage to approach international best practices. 2. These data, therefore, are not comparable with FDI data for previous years. Also see Notes on Tables of Table No 42&43. 3. Monthly data on components of FDI as per expanded coverage are not available. SOURCE: Reserve Bank of India

India's Outward Foreign Direct Investment

As an outcome of liberalization policies, India's outward foreign direct investment witnessed an unprecedented rise in recent period. India's overseas investments that began with Information Technology and related services sectotrs has over the years spread to wider areas like manufacturing and financial and non-financial areas. According to a Reserve Bank of India report, number of proposals approved for outward FDI from India in joint ventures and WOSs increased from 1214 in 2003-04 to 1817 in 2006-07. The amount fo approved proposals increased from $ 1466 million in 2003-04 to $ 15060 million in 2006-07. APPROVED PROPOSALS (In US$ Million)
No. of proposals Year 2003-04 2004-05 2005-06 2006-07 Apr.-Dec. 2007 Apr.-Dec. 2006 1214 1281 1395 1817 1595 1268 Equity 822.40 2010.03 1887.78 11244.96 11324.99 4594.09 Amount of approved proposals Loan 229.90 384.39 629.74 1475.28 1331.77 1270.70 Guarantee 413.83 409.91 337.32 2339.76 5780.50 2079.75 Total 1466.13 2804.33 2854.84 15060.00 18437.26 7944.54

SOURCE: Reserve bank of India report, April 2008

The amount of outward FDI from India on account of JVs/WOSs, according to the RBI report, increased from $ 1495 million in 2003-04 to $ 12880 million in 2006-07. Equity accounted for 90 percent of the total investments and the remaining 10 percent by way of loans in 2006-07. Inflows from India's outward FDI are in the form of dividend, royalty, license fee, brand fee, technical knowhow fee, repayment of loans etc. During 2006-07 total inflows from outward FDI amounted to $ 295 million. ACTUAL OUTFLOWS (In US$ Million)
Year 2003-04 2004-05 2005-06 Equity* 1234.25 1365.59 3858.46 Loan 260.93 402.79 1008.10 3.00 Guarantee Invoked Total 1495.18 1768.38 4869.56

2006-07 2007-08 (AprilDecember) 2006-07 (AprilDecember)

11599.01 9096.50 8097.27

1281.07 1017.72 876.07

12880.08 10114.22 8973.34

* The equity data do not include equity of individuals and banks. Figures are provisional SOURCE: Reserve Bank of India

INFLOWS FROM INDIA'S OUTWARD FDI (In US$ Million)

Year 2006-07 2007-08 (April-December) 2006-07 (April-December) Dividend 21.96 29.41 20.15 Others@ 272.75 307.68 274.33 Total 294.71 337.09 294.48

@ Others include dividend, royalty, licence fee, brand fee, technical know-how fee, repayment of loan, etc. Figures are provisional SOURCE: Reserve Bank of India

The sectoral pattern of outward FDI is led by manufacturing during first nine months of fiscal 2007-08 with $ 7634 million followed by non-finacial services' $ 1677.71 million and $ 620.48 milliion. Of the total investmemnts 96 percent were of large investments (4 5 million and above). Sectorwise 43 percent were bin manufacturing folowed by non-fimnancfinancial services ( 10 percent) and ytrading ( 4 percent).

SECTORAL PATTERN OF OUTWARD FDI DURING APRIL-DECEMBER 2007

(In US$ Million)

Month Sector April Trading Manufactu ring Non Financial Services Others Financial Total Note 54.2 2 149. 10 66.7 9 52.4 7 322. 60 May 28.25 549.0 0 234.2 0 396.9 0 1208. 00 June 46.74 4122. 00 61.20 883.3 0 5113. 00 July 40.5 7 495. 40 23.6 3 172. 60 732. 20 Aug. 219. 52 364. 91 67.2 0 651. 63 Sept. 24.17 1339. 11 420.6 1 77.67 1861. 56 Oct. 114.9 8 256.9 3 139.5 0 4554. 26 7.00 5072. 67 Nov. 311.5 5 345.0 9 248.0 7 596.9 9 25.46 1527. 16 Dec 157.7 8 118.7 8 879.8 4 1156. 40

Total Approv als

620.48 7634.00 1677.71 7681.09 32.46 17645.7 4

SOURCE : Reserve Bank of India

INDIA: SECTOR SPECIFIC POLICY FOR FOREIGN DIRECT INVESTMENT

Sector/Activity Airports (a) Greenfield projects 100% Automatic FIPB beyond 74% Subject to sectoral regulations notified by Ministry of Civil Aviation Subject to sectoral regulations notified by Ministry of Civil Avation Subject to conditions notified vide Press Note 2 (2005 Series) including a minimum capitalization of US$ 10 million for wholly owned subsidiaries and US$ 5 millionfor joint venture. The funds would have to be brought within six months of commencement of business of the Company FDI Cap/Equity Entry Route Other Conditions

(b) Existing projects

100%

Construction Development projects including housing, commercial premises, resorts, educational institutions, recreational facilities, city and regional level infrastructure, townships

100%

Automatic

Petroleum & Natural Gas (a) Other than Refining and including market study and formulation; investment/financing; setting up infrastructure for marketing in Petroleum & Natural Gas sector) Subject to sectoral regulations issued by Ministry of Petroleum and Natural Gas; and in the case of actual trading and marketing of petroleum products, divestment of 26% equity in favour of India partner/public within 5 years.

100%

Automatic

(b) Refining

26% in case of PSUs 100% in case of Private companies

FIPB Subject to sectoral policy Automatic

Telecommunication (a) Basic and cellular; Unified Access Services, National/International Long Distance, V-Sat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS) and other value added telecom services 74% (including FDI, FII, NRI, FCCBs, ADRs, GDRs, convertible preference shares, and proportionate foreign equity in Indian promoters/investing Company Automatic upto 49% FIPB beyond 49% Subject to guidelines notified in the PN 5/2005 Series

(b) ISP with gateways, radiopaging, end-to-end bandwidth

Automatic up to 49% 74% FIPB beyond 49% Automatic up to 49% FIPB

Subject to licencing and security requirements notified by the Department of Telecommunication

(c) ISP without gateway, infrastructure provider providing dark fibre, electronic mail and voice mail

100%

Subject to the condition that such companies shall divest 26% of their equity in favour of Indian public in 5 years, if these companies are listed in other

beyond 49% (d) Manufacture of telecom equipment Power including generation ( Except Atomic energy); regulations transmission, distribution and Power Trading Ports Roads & Highways Shipping 100% 100% 100% Automatic Automatic Automatic

parts of the world. Also subject to licensing and security requirements, where required. Subject to sectoral requirements

100%

Automatic

Subject to provisions of the Electricity Act 2003 Subject to sectoral regulations Subject to sectoral regulations Subject to sectoral regulations

Sector-wise FDI Inflows

Sector-wise FDI Inflows ( From April 2000 to January 2009)
AMOUNT OF FDI INFLOWS SECTOR In Rs Million In US$ Million PERCENT OF TOTAL FDI INFLOWS (In terms of Rs)

Services Sector Computer Software & hardware Telecommunications Construction Activities Automobile Housing & Real estate Power Chemicals (Other than Fertilizers) Ports Metallurgical industries Electrical Equipments Cement & Gypsum Products Petroleum & Natural Gas

787420.81 391109.74 275441.38 213595.12 146799.41 217936.02 137089.37 87008.07 63290.50 109563.20 57379.63 70781.19 94417.17

18118.40 8876.43 6215.55 5029.01 3310.23 5118.85 3129.66 1964.06 1551.88 2612.85 1324.92 1621.03 2244.17

22.39 11.12 7.83 6.07 4.17 6.20 3.90 2.47 1.80 3.11 1.63 2.01 2.68

Trading Consultancy Services Hotel and Tourism Food Processing Industries Electronics Misc. Mechanical & Engineering industries Information & Broadcasting (Incl. Print media) Mining Textiles (Incl. Dyed, Printed) Sea Transport Hospital & Diagnostic Centres Fermentation Industries Machine Tools Air Transport ( Incl. air freight) Ceramics Rubber Goods Agriculture Services Industrial Machinery Paper & Pulp Diamond & Gold Ornaments Agricultural Machinery Earth Moving Machinery Commercial, Office & Household Equipments Glass Printing of Books (Incl. Litho printing industry) Soaps, Cosmetics and Toilet Preparations Medical & Surgical Appliances Education

62416.85 48647.43 52500.05 34362.49 33914.75 28310.13 52115.90 21204.94 26736.94 17653.81 27241.42 27743.46 10955.32 10552.19 17462.43 11392.76 7937.13 13748.27 18612.76 11014.62 6649.12 5749.34 5798.71 5683.60 6066.23 4984.88 8087.87 14374.11

1480.94 1112.92 1217.50 760.32 748.57 648.86 1194.20 522.86 611.03 402.59 644.73 658.04 247.88 240.71 409.92 247.60 188.39 316.97 429.06 248.15 148.37 134.22 132.74 126.51 135.80 114.54 177.42 309.09

1.77 1.38 1.49 0.98 0.96 0.80 1.48 0.60 0.76 0.50 0.77 0.79 0.31 0.30 0.50 0.32 0.23 0.39 0.53 0.31 0.19 0.16 0.16 0.16 0.17 0.14 0.23 0.41

Fertilizers Photographic raw Film & Paper Railway related components Vegetable oils and Vanaspati Sugar Tea & Coffee (Processing & warehousing coffee & rubber) Leather, Leathergoods & Piackers Non-conventional energy Industrial instruments Scientific instruments Glue and Gelatine Boilers & steam generating plants Dye-Stuffs Retail Trading (Single brand) Coal Production Coir Timber products Prime Mover (Other than electrical generators Defence Industries Mathematical, Surveying & drawing instruments Misc. industries Sub Total Stock Swapped (from 2002 to 2008) Advance of Inflows (from 2000 to 2004) RBI's NRI Schemes Grand Total

4282.17 2580.20 3281.85 3769.18 1836.64 3774.81 1621.56 3640.58 1368.36 511.44 385.80 238.67 406.48 1074.67 614.10 50.17 139.59 178.30 6.87 50.35 180561.54 3517310.79 145466.35 89622.22 5330.60 3757729.96

96.59 63.90 75.11 83.69 41.58 84.28 36.74 86.84 29.47 11.64 8.44 5.40 9.52 25.18 15.42 1.12 3.10 3.72 0.15 1.27 4162.55 81010.63 3391.07 1962.82 121.33 86395.85

0.12 0.07 0.09 0.11 0.05 0.11 0.05 0.10 0.04 0.01 0.01 0.01 0.01 0.03 0.02 0.00 0.00 0.01 0.00 0.00 5.19 100.00 -

Sector wise FDI inflows data reclassified, as per segregations of data from April 2000 onwards

SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India

Country wise FDI inflows

The countrywise figures for 200-01 to January 2009 reveal Mauritius in the leading position accounting for about 43.3 percent of total FDI inflows into India. The US and UK is far behind it with 7.72 percent and 6.41 percent respectively. FDI from Mauritius during this period stood at $ 35180 million. In terms of Rs it stood at Rs 1527677 million. FDI by US and UK during this period stood at $ 6171 million and $ 5153 million. In terms of Indian currency it comes to Rs 271491 million and Rs 225415 million respectively.

Country wise FDI inflows (April 2000 to January 2009)

% to total FDI Inflows ( In terms of Rs)

COUNTRY

Amount of FDI Inflows

(In Rs. million) Mauritius USA UK Singapore Netherlands Japan Germany Cyprus France Switzerland UAE Cayman Island Bermuda Sweden Korea (South) British Virginia Italy Hong Kong Spain Malaysia Canada Denmark Belgium Australia Austria South Africa Luxembourg 1527677.20 271491.44 225415.64 327613.84 155573.88 105068.17 93614.01 88051.59 52689.43 34234.63 38197.22 26936.84 21888.37 22614.91 20009.67 16816.04 25016.34 15675.71 18906.28 9359.88 10369.53 5454.95 12561.91 11105.07 2233.62 3464.20 4814.43

(In US$ million) 35180.30 6171.93 5153.81 7594.32 3530.94 2390.29 2147.51 2024.72 1185.82 779.25 882.86 654.27 488.77 513.53 457.02 391.90 593.13 363.78 441.46 206.09 238.99 122.92 279.38 249.09 51.29 76.44 109.90 43.43 7.72 6.41 9.31 4.42 2.99 2.66 2.50 1.50 0.97 1.09 0.77 0.62 0.64 0.57 0.48 0.71 0.45 0.54 0.27 0.29 0.16 0.36 0.32 0.06 0.10 0.14

Russia Ireland Oman Finland Thailand West Indies Indonesia Norway Bahrain Nevis Ice Land Gibraltar Moracco Panama Saudi Arabia Taiwan Liberia Bahamas Kenya Slovenia Sri Lanka Myanmar Israel Kuwait Portugal Malta Kazakhstan British Isles Channel Island New Zealand Isle of Man Tunisia Liechtenstein Slovakia Belorussia China Korea (North) Nigeria Fiji Islands Maldives Uruguay

17555.24 3183.30 2575.13 2603.48 1891.88 2228.72 1566.97 1325.32 1087.21 1337.44 811.13 815.06 699.77 756.43 690.71 824.35 578.42 632.55 536.33 390.74 496.15 357.49 955.57 318.87 344.02 289.19 281.05 306.42 398.38 556.08 228.08 198.40 193.42 189.83 474.07 505.58 174.03 202.13 222.78 136.97 158.13

365.38 75.59 60.44 59.34 44.10 51.75 34.03 30.82 24.94 30.64 18.61 19.06 15.21 17.42 15.97 19.58 13.09 14.27 11.64 8.24 11.50 8.96 22.92 6.93 8.46 6.55 7.07 7.05 9.06 13.56 5.25 4.31 4.23 4.40 11.66 10.85 3.85 4.38 5.06 3.08 3.58

0.50 0.09 0.07 0.07 0.05 0.06 0.04 0.04 0.03 0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.00 0.01 0.01 0.00 0.00

Ghana Chile Scotland Poland Virgin Islands St. Vincent Yemen Seychelles Cuba Brazil Columbia Uganda Ukraine Philippines Czech Republic Aruba Croatia Greece Yugoslavia Lebanon Jamaica Estonia Hungary Vanuatu Bulgaria Tanzania Vietnam Qatar Zambia Turkey Nepal Jordon Egypt Libya Latvia Mexico Peru Iran West Africa Georgia Coast Rica

135.61 205.87 119.05 86.14 145.71 348.64 70.13 88.28 47.32 68.79 41.24 36.87 31.07 30.12 720.38 19.65 18.44 15.31 11.31 11.11 10.00 10.66 6.75 40.75 6.43 22.517 5.08 4.80 6.64 35.25 8.39 48.14 3.01 2.56 2.50 2.55 2.01 1.68 4.56 0.10 0.10

3.08 4.70 2.69 1.89 3.12 8.05 1.73 2.10 1.04 1.68 0.94 0.84 0.69 0.68 16.78 0.43 0.42 0.36 0.24 0.24 0.22 0.25 0.15 0.87 0.14 0.55 0.12 0.11 0.14 0.82 0.20 0.99 0.07 0.06 0.06 0.06

0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.04
0.04 0.11 0.00 0.00

Afghanistan East Africa Romania Djibouti Venezuela NRI Unindicated country FIIs Sub. Total Stock Swapped (From 2002-2008) Advance of Inflows (From 20002004) RBI's NRI Schemes GRAND TOTAL

0.09 0.06 0.05 0.01 0.00 157382.20 161510.48 2.46 3517309.64 145466.35 89622.22 5330.60 3757728.81

0.00 0.00 0.00 0.00 0.00 3717.47 3863.43 0.06 81010.57 3301.07 1962.82 121.33 86395.79

0.00 0.00 0.00 0.00 0.00 4.47 4.62 0.00 100.00

SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India

FOREIGN TECHNOLOGY TRANSFER

COUNTRY WISE FOREIGN TECHNOLOGY TRANSFER APPROVALS (August 1991-February 2008)
COUNTRY USA Germany Japan UK Italy Other countries All Countries No. of FTA 1772 1106 868 860 484 2851 7941 % with total technical approvals 22.31 13.93 10.93 10.83 6.09 35.91 100.00

SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India

SECTOR WISE TECHNOLOGY TRANSFER APPROVALS (August 1991February 2008)

SECTOR Electrical Equipments (Incl. No. Technical Collaborations approved 1255 % of total Technical Collaborations approved 15.80

computer software & electronics) Chemicals (other than fertilizers) Industrial Machinery Transportation Industry Misc. Mach. Engineering Industry Other sectors Total all sectors 886 869 742 442 3747 7941 11.16 10.94 9.34 5.57 47.19 100.00

SOURCE: DIPP, Federal Ministry of Commerce and Industry, Government of India