India third most preferred FDI destination: UN survey

Jul 05, 2012 |

New Delhi

Tags:

The United Nations Conference on Trade and Development (UNCTAD) World Investment Report for 2012 has named India as the third most desirable destination for Foreign Direct Investment (FDI) by global industrial giants.

Addressing mediapersons after unveiling the report here on Thursday, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) chief economist Nagesh Kumar said that the survey conducted in 179 companies ranked India behind China and the United States.

“They did a survey of 179 top global firms around the world and they asked their top destinations where they planned to invest between 2012 to 2014, and India ranked third in that survey. So after China and United States, India is the third most attractive destination as perceived by the global companies,” Kumar announced.

The report noted that FDI inflows rose by 33 per cent in 2011 from 2010.

“In 2011, the FDI inflows to India went up to 32 billion dollar, which is 33 per cent more than the FDI inflows coming to India in 2010. So this is a good news certainly, which shows the potential of the country,” Kumar added.

Overseas investment in the country rose for the first time in three years in 2011, as global investors put their faith in rising salaries, an expanding middle-class and a large and cheap labour force

Post new comment

<form action="/comment/reply/168243" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-477d1fae7b3ef8badad3b50215a0de0b" value="form-477d1fae7b3ef8badad3b50215a0de0b" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="86040359" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>