Thursday, August 11, 2022

DUBAI: UAE was highest FDI investor in India

The UAE has been one of the top 10 Foreign Direct Investment (FDI) contributors in India. During the last three years, $5.5 billion FDI came from the Middle East country. Saudi Arabia is also one of the significant contributors to FDI in India

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The United Arab Emirates (UAE) was the highest contributor to Foreign Direct Investment (FDI) in India from the Gulf region. Between 2017 and 2021, around $6,488.35 million was invested by the UAE in India. The information was provided by India’s Minister of State for External Affairs V Muraleedharan in a reply to a question in the Rajya Sabha.

The UAE has been one of the top 10 Foreign Direct Investment (FDI) contributors in India. During the last three years, $5.5 billion FDI came from the Middle East country. Saudi Arabia is also one of the significant contributors to FDI in India.

Major investment from Gulf countries:

UAE: $6488.55mn:

Saudi Arabia: $3058.25mn

Qatar: $223.49mn

Bahrain: $181.45mn

Oman: $109.25mn

Kuwait: $37.91mn

Meanwhile, UAE has been important for India because nearly 35 lakh Indians live there. Remittances to India from the UAE are high and have registered a five per cent increase in the recent months, according to reports.

According to the Ministry of External Affairs, the major investment into India from Gulf countries was: $6488.55 million from the UAE, $3058.25 million from Saudi Arabia, $223.49 million from Qatar, $181.45 from Bahrain, $109.25 million from Oman and $37.91 from Kuwait.

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