INDIA: Indian cos. bullish over investments in US

NEW DELHI: The regulatory authorities approving direct investments worth $225 million in April 2005 to January 2006 period seems made Indian companies bullish on investing in the US, a survey conducted by Industry body Ficci and Ernst and Young stated here on September 10.

The Indian investments abroad in last decade are mainly to the US, following by Russia with investments to the tune of $1,763 million, Mauritius $1,038 million and Sudan $964 million.   

Majority of the Indian investments abroad are in the US and home-grown companies have invested close to $2,159 million in the last decade, followed by Russia with investments to the tune of $1,763 million, Mauritius $1,038 million and Sudan $964 million, according to a survey conducted by Industry body Ficci and Ernst and Young.

Survey further stated that Indian companies are investing in wide-ranging sectors including textiles among others, as 25 percent of the investments were absorbed in sectors like telecom, textile, automotive and financial services.

Indian companies, who are assisting in enhancing the productivity, managerial talents and bailing-out bankrupt US companies, are no longer just outsourcing partners but have contributed significantly to the US economy.


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Added: September 11, 2006 Source: Agencies
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