FDI inflows improving, more investments from non-IT sectors: Sitharaman

Union Commerce and Industry Minister Nirmala Sitharaman has said that the Foreign Direct investment (FDI) inflows in the country are improving day by day. She further highlighted that more investments are coming from sectors other than IT and ITeS enabled services which may include a lot of things such as courier services; it could be getting into services that are partly related to logistics and retailing and so on.

The Minister further stated that the Construction and infrastructure are the second highest sectors which are receiving FDIs. Furthermore, Chemical industry is also receiving - other than fertilizers, they are also receiving a lot. She said that largely individual, trust and other corporate entities are coming in.

In the fiscal year 2014-15 India received FDI worth nearly $29.6 billion. There is 38 per cent rise in inflows, compared to 16 per cent dip globally. This shows that the Indian economy is instilling confidence in the minds of investors.  Additionally Sitharaman asserted that the US-India Business Council has assessed that in the next five years US Business Houses will be interested in investing anywhere between 40 to 45 billion US dollars in India in various sectors of activity.