Tuesday, July 8, 2008

ECONOMIC AFFAIR

The Chennai region,including Puduchery,recorded the maximum growth of 211 percent,attracting $437.3 million in FDI,largely due to greater activity in computer hardware and leather.In absolute terms,Delhi region continues to remain on top of hte table with $936.5 million Fdi inflows,showing a growth of over 25 percent.The Mumbai region was second on the chart with total inflows of $867.5 million.Helped by comprehensive economic cooperation agreement (CECA),Singapore moved ahead of the US and the UK as the second biggest source of FDI inflows.Mauritius,because of the double Taxation Avoidance Agreement(DTAA),is still the largest source of investment with $2.45 billion.

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