Listed foreign funds bring in $1.3bn into the country
The Dollar Business Bureau There has been a record inflow of over $1.3 bn from foreign funds into India in month of August. This is primarily an infusion of strong capital into passive funds, reported Kotak Institutional Equities report. "Listed fund flows to India recorded USD 1.34 billion in August with strong inflows in passive funds at USD 845 million,” said the report. In comparison there has been $1.2 bn in July after 332 mn were withdrawn in June. Overall the country has seen an infusion of $545 million till date this year. Taiwan is the other country that attracted an inflow of $1 bn. The listed funds – ETF’s or passive exchange traded funds and active non-ETFs- generally attract large amounts of ...
Govt clears 10 FDI proposals worth Rs. 607 crore
The approved proposals included those sought by Alstom Manufacturing India Limited and pharma majors like Cipla, Glenmark, Emcure, and Celestis The Dollar Business Bureau In the pharma sector, Cipla has got the go-ahead to bring in a maximum Rs. 145.22 crore from Mauritius-based FIL Capital Investments Limited The government has cleared 10 foreign direct investment (FDI) proposals, allowing an inflow of up to Rs.607 crores mainly in pharmaceuticals and railway infrastructure sectors in the country. The approved proposals included those sought by Alstom Manufacturing India Limited and pharma majors like Cipla, Glenmark, Emcure, and Celestis. Based on the recommendations of Foreign Investment Promotion Board in its 231st meeting held on 22nd January 2016, the government has approved 10 FDI proposals involving FDI of Rs. ...
IT, auto sectors brought in $3 billion FDI in two months
Source: PIB, Government of India The sector-wise information on FDI equity inflow received during Financial Year 2015-16 (upto May, 2015) is as below: S.No Sector Amount of FDI Inflows (In Rs crore) (In US$ million) 1 COMPUTER SOFTWARE & HARDWARE 14,428.43 2,273.13 2 AUTOMOBILE INDUSTRY 6,355.14 1,006.84 3 TRADING 4,186.78 663.47 4 SERVICES SECTOR (Fin.,Banking,Insurance,Non Fin/Business,Outsourcing,R&D,Courier,Tech. Testing and Analysis, Other) 3,091.15 488.06 5 CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES 2,357.32 373.90 6 TELECOMMUNICATIONS 2,320.27 363.75 7 SEA TRANSPORT 1,147.55 182.33 8 HOSPITAL & DIAGNOSTIC CENTRES 1,028.20 163.27 9 DRUGS & PHARMACEUTICALS 1,010.25 158.66 10 HOTEL & TOURISM 999.91 157.58 11 POWER 976.37 154.82 12 CHEMICALS (OTHER THAN FERTILIZERS) 951.44 149.96 13 SOAPS, COSMETICS & TOILET PREPARATIONS 830.78 132.35 14 MISCELLANEOUS INDUSTRIES 697.42 110.29 15 ELECTRICAL EQUIPMENTS 681.29 107.82 16 TEXTILES (INCLUDING DYED,PRINTED) 570.26 90.54 17 RUBBER GOODS 484.38 76.72 18 METALLURGICAL INDUSTRIES 466.99 73.80 19 EDUCATION 464.29 73.77 20 INFORMATION & BROADCASTING (INCLUDING PRINT MEDIA) 454.23 71.55 21 NON-CONVENTIONAL ENERGY 449.26 71.06 22 INDUSTRIAL MACHINERY 413.47 65.44 23 FOOD PROCESSING INDUSTRIES 373.96 59.02 24 MISCELLANEOUS MECHANICAL & ENGINEERING INDUSTRIES 353.84 56.04 25 ELECTRONICS 353.58 55.55 26 EARTH-MOVING MACHINERY 276.28 44.02 27 PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY) 189.67 30.00 28 CONSULTANCY SERVICES 185.82 29.29 29 MEDICAL AND SURGICAL APPLIANCES 150.20 23.90 30 DIAMOND,GOLD ORNAMENTS 114.21 17.91 31 TIMBER PRODUCTS 102.97 16.14 32 CERAMICS 101.05 16.10 33 PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS) 101.26 15.87 34 SUGAR 90.00 14.34 35 VEGETABLE OILS AND VANASPATI 78.37 12.28 36 CEMENT AND GYPSUM PRODUCTS 57.20 9.12 37 RAILWAY RELATED COMPONENTS 41.05 6.54 38 AGRICULTURE SERVICES 37.64 5.99 39 PETROLEUM & NATURAL GAS 31.35 5.00 40 LEATHER,LEATHER GOODS AND PICKERS 31.34 4.98 41 MACHINE TOOLS 22.18 3.51 42 INDUSTRIAL INSTRUMENTS 21.97 3.44 43 AIR TRANSPORT (INCLUDING AIR FREIGHT) 21.57 3.39 44 COMMERCIAL, OFFICE & HOUSEHOLD EQUIPMENTS 16.27 2.59 45 PAPER ...
