: FDI inflow increased by 21 per cent to 35.33 billion dollars in AprilOct #FinanceIndia #StockMarketNEWS FDI inflow increased by 21 per cent to 35.33 billion dollars in April-Oct New Delhi, Jan 1 (KNN) Foreign

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FDI inflow increased by 21 per cent to 35.33 billion dollars in AprilOct #FinanceIndia #StockMarketNEWS
FDI inflow increased by 21 per cent to 35.33 billion dollars in April-Oct New Delhi, Jan 1 (KNN) Foreign direct investment (FDI) equity inflows into India increased by 21 per cent to 35.33 billion dollars during April-October period of the current financial year, said the Ministry of Commerce and Industry in its Year End review report.

As per the report, in the year-ago period, FDI equity inflows stood at USD 29.31 billion.

During the first seven months of the current fiscal, total FDI (including reinvested earnings) increased 11 per cent to USD 46.82 billion from USD 42.06 billion in April-October 2019, it added.

"FDI equity inflow increased by 21 per cent to USD 35.33 billion (April 2020 to October 2020) from USD 29.31 billion reported in the same period of previous financial year," the department said in a statement while listing out its highlights during 2020, the Ministry said on Thursday.

The Ministry further said that 26 FDI applications marked to Department for Promotion of Industry and Internal Trade (DPIIT) have been disposed of in 2020.

The department also said total 84 plots admeasuring nearly 554.73 acres have been allotted to companies with investment to the tune of over Rs 16,100 crore including investors like HYOSUNG (South Korea), NLMK (Russia), HAIER (China), TATA Chemicals and AMUL so far.

Nine companies have also started their commercial production, DPIIT said.

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