India gets $42 billion FDI in 2018 on robust inflows in manufacturing, communication and financial services: UN report
FirstpostIn South Asia, FDI inflows increased by 3.5 percent to $54 billion, said the United Nations Conference on Trade and Development World Investment Report 2019 New Delhi: India received foreign direct investments worth $42 billion in 2018, helped by robust inflows in manufacturing, communication and financial services, a United Nations trade report said Wednesday. In South Asia, FDI inflows increased by 3.5 percent to $54 billion, said the United Nations Conference on Trade and Development World Investment Report 2019. “Investment in India – the subregion’s largest recipient – rose by 6 percent to $42 billion with strong inflows in manufacturing, communication, financial services and cross-border merger and acquisition activities,” said the report. “India, the Republic of Korea, the Philippines, and Turkey are focusing on information and technology zones, while West Asia favours services and most of South-East Asia seeks to attract different types of manufacturing.” Development of new SEZs also drives greenfield investment activities, particularly in the construction of industrial establishments and power generation such as the construction of zones in Indonesia, Thailand and Viet Nam, it said further.