The UK-based company had bought the stake in the country's fourth largest cellular operator Hutch-Essar for 10.9 billion dollars in February this year. This deal was followed by Matsushita Electric Works of Japan, which brought in inflows of 342 million dollars. The Japanese company bought Anchor Electricals. GA Global Investments Ltd was the third largest investor.
During the first quarter of fiscal 2007-08, FDI inflows in India stood at 4.9 billion dollars as against 1.7 billion dollars received in the corresponding period of 2006-07, up nearly 185 per cent, according to government data on FDI inflows in the country. Major sectors receiving FDI inflows in the April-May period of the current fiscal are services, telecom, electrical equipments, real esate and transportation. Total inflows from the top five investing countries during the first two months of the fiscal was 2.9 billion dollars. Of this, 1.9 billion dollars came from Mauritius, followed by Japan, Cyprus and US. For the first six months of 2007, FDI inflows into India more than trebled to 11.4 billion dollars from 3.6 billion dollars in the corresponding period last year. The country received 15.7 billion dollar FDI in 2006-07 as compared to 5.5 billion dollar a year ago.
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Source: indianinfo
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