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Union Commerce Minister Anand Sharma has disclosed that the flow of foreign direct investment to India during the month of July 2009 has been registered at $3.52 billion, which is 56.5% higher than the $2.25 billion, which was registered during the corresponding period last year.
"Our foreign direct investment equity inflows indicate an increase of 56.5 percent in US dollar terms and 77 percent in rupee terms over July 2008," told Sharma, while addressing the media in New Delhi.
"The inflows in July have been against $2.58 billion during the month of June 2009 and $2.10 billion received during the month of May 2009”, he told. He told the media that this increase is a positive one, if the current financial scenario of India and world are considered.
He has also disclosed that a non-profit company will be encouraging foreign investment into India. This will act in collaboration with the central and state governments and the Federation of Indian Chambers of Commerce and Industry.
"The unique feature is the partnership between a private sector organisation, the Government of India and state governments. This is unlike anywhere else in the world," he said.
