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Our Bureau

New Delhi , March 9

Foreign direct investment (FDI) inflow into the country has registered an increase of 326 per cent in January amounting to $647.7 million against $152 million in January last.

``What is heartening about the growth in FDI is that the inflows are coming in the manufacturing, which we want, will contribute increased share in India's GDP," the Minister for Commerce and Industry, Mr Kamal Nath, said here while releasing the figures.

The Minister indicated that FDI inflow in equity during the first nine months stood at $4.34 billion. This represents an increase of 60.5 per cent over the FDI inflows of $2.7 billion received during the corresponding period of the previous year 2004-05, he said.

The major investing countries during this period have been Germany (35 per cent), the UK (26 per cent), Mauritius (22 per cent), Singapore (6 per cent) and the US (2 per cent).

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