FDI Flows Improving; More Investments in Non-IT Sectors: Nirmala Sitharaman
BENGALURU: Stating that the FDI inflows in the country are improving day by day, Union Commerce and Industry Minister Nirmala Sitharaman today said more and more investments are coming from sectors other than IT and ITeS.
"Highest investments are coming from services other than IT and IT-enabled services which may include a lot of things - it could be courier services; it could be getting into services that are partly related to logistics and retailing and so on," she said in her address at the IIM Bangalore.
Construction and infrastructure is the second highest sector which are receiving FDIs, the Minister said.
"We also have retailing, IT and IT-enabled services. Chemical industry also is receiving - other than fertilisers, they are also receiving a lot," she said.
Sitharaman said that India received FDI worth nearly $29.6 billion, the highest amount received by any country in last fiscal.
"Among the countries, which do monitoring on FDIs flowing into theirs, we seem to have received the highest amount in the last fiscal," she added.
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