Singapore replaces Mauritius as top FDI source in India

Date: December 07, 2015

DTAA LoP

Singapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the first half of the current fiscal.

During April-September 2015, India has attracted $6.69 billion (₹43,096 crore) FDI from Singapore while from Mauritius, it received $3.66 billion (₹23,490 crore), according to data from the Department of Industrial Policy and Promotion (DIPP).

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Foreign investment from Singapore has more than doubled from $2.41 billion in the year-ago period.

According to experts, the Double Taxation Avoidance Agreement (DTAA) with Singapore incorporates Limit-of-Benefit (LoB) clause, which has provided comfort to foreign investors based there to invest in India.

India has attracted 6.69 billion dollars FDI from Singapore while it received 3.66 billion dollars from Mauritius.
Highest foreign investment sector wise :

     Computer software and hardware (3.05 billion dollars),
     trading (2.30 billion dollars),
     services and automobile (1.46 billion dollars each) and
     telecommunications (659 million dollars).