Sign In
Learn bits
Economy
Mahesh

20/07/22 07:06 AM IST

India attracts USD 343.64 million FDI equity inflow in R&D sector during 2021

In News 
  • India attracted USD 343.64 million FDI equity inflow in R&D sector during C.Y. 2021 (Calendar Year) which is 516% higher as compared to previous C.Y. 2020 (USD 55.77 million).
Performance of States 
  • Karnataka is the top FDI Equity recipient state in R&D during C.Y. 2021 followed by Telangana and Haryana.
  • The following states showed growth of more than 250% during C.Y. 2021 compared to previous C.Y. 2020: Telangana, Karnataka, Haryana, Andhra Pradesh & Tamilnadu.
Investor 
  • Singapore is the top investing country in R&D during C.Y. 2021 with 40% share of total FDI Equity in R&D followed by Germany (35%) and U.S.A (11%).
  • Further, FDI Equity inflow from several countries like Germany, Mauritius, France, Singapore, Oman and U.S.A. showed an increase of more than 200% as compared to previous C.Y. 2020.
  • Daimler Truck Innovation Center was the top FDI Equity inflow recipient company in R&D during C.Y. 2021 with 35% share of total FDI Equity in R&D
Source- PIB 

More Related Current Affairs View All

06 Aug

Hong Kong regulating and licensing stablecoins

'Hong Kong is taking a decisive step forward in regulating certain types of cryptocurrencies, as it prepares to enforce the Stablecoins Ordinance from August 1.' The new regulat

Read More

06 Aug

Money laundering

'A report submitted by the Finance Minister in the Rajya Sabha states that 5,892 cases were taken up by the Enforcement Directorate (ED) under the Prevention of Money Laundering Ac

Read More

06 Aug

Chinese Ministry of Public Security (MPS)

'Recently, the Chinese Ministry of Public Security (MPS) announced that an eight-member police team was despatched to Croatia for a “joint patrol mission.” This woul

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps