Foreign direct investment inflows into the country increased 74 per cent, year-on-year, to 2.2 billion dollars in February. This takes the cumulative FDI inflows to 28.4 billion dollars for the April 2011 to February 2012 period of the last fiscal. The sectors which received the largest foreign FDI inflows during this 11-month period were services, with over 5 billion dollars, pharmaceuticals with 3.2 billion dollars, construction with 2.5 billion, telecom with almost 2 billion, metallurgical industries with 1.8 billion, and power with 1.6 billion. Mauritius remained the top source of inflows, with 9.4 billion, thanks to the double taxation avoidance treaty. FDI inflows into the country totalled 19.4 billion in 2010-11, down from 25.8 billion in 2009-10.
News On AIR | April 18, 2012 4:54 PM
FDI up 74% in February to $ 2.2 billion