FDI rises marginally to $4.8 b in 2001-02

NEW DELHI: Foreign Direct Investment increased marginally to $4.8 billion in 2001-02 from $4.5 billion in the previous fiscal despite the global recession following the September 11 terrorist attacks in the US.
Total FDI inflow last fiscal was $4.826 billion, which works out to Rs 22,168 crore , as per the latest data compiled by the Department of Industrial Policy and Promotion. However, inflows declined by over 19 per cent in April this year at $221.8 million against $275.1 million in the same month a year earlier.
In Rupee terms, total FDI inflows including ADRs/GDRs and pending advance in April was marginally lower at Rs 1064.77 crore as against Rs 1238 crore in April 2001. During the fiscal year under review, telecommunication sector attracted the highest FDI inflow at 867.39 million dollars, accounting for over 17 per cent of total FDI.
Power, oil and refinery sector attracted the second highest FDI amount at $633.09 million, accounting for 13.58 per cent of the total FDI, followed by the electrical equipment sector a distant third with $435.27 million, translating to nine per cent of the total FDI.
The transportation sector attracted FDI inflows of 189.66 million dollars accounting for 3.86 per cent of the total while service sector garnered 157.78 million dollars accounting for 3.24 per cent of the total inflows.
Nothwithstanding the decline in FDI inflows in April, overall FDI inflows during the first four months of the calender year 2002 increased by 36.8 per cent at $1.66 billion compared to $1.22 billion in 2001.
In rupee terms total FDI inflows of the first four months of the calender year was higher by 46 per cent at Rs 8012.30 crore as against Rs 5491.46 crore a year earlier. PTI