FDI inflows total $2.3 b till July

NEW DELHI, AUG. 30. Foreign direct investment (FDI) inflows during the current year till July have registered a marginal increase of 3.6 per cent at $2.30 billion as compared to $2.22 billion during the corresponding period in 2000.

During July this year, the inflows of FDI stood at $570 million, registering a growth of 74 per cent compared to the previous month, an official statement said here.

The FDI inflows during the same period in 1999 was $1.80 billion.

Inflows through the Foreign Investment Promotion Board (FIPB) route was $899 million and $411 million through the Reserve Bank of India automatic system, it said.

The amount raised through a combination of American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) was $343 million.

The inflows in the form of acquisition of shares stood at $179 million and from the non-resident Indians schemes under the RBI the FDI inflows were $47 million.