MNCs repatriate $10.7 billion FDI in 2011

MNCs repatriated FDIs worth $10.7 billion (about Rs 60,000 crore) by sale of their Indian assets in 2011, amid problems like slowing economic growth.

By PTI | Updated: May 26, 2012, 05.47 AM IST

NEW DELHI: MNCs repatriated FDIs worth $10.7 billion (about Rs 60,000 crore) by sale of their Indian assets in 2011, amid problems like slowing economic growth, rising business costs and regulatory uncertainties, global financial giant Nomura said in a research report on Friday.

The funds pulled back by MNCs during 2011 marked a significant jump from $7.2 billion in 2010.

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