Mauritius continues to be the preferred route for directing FDI into India. About 36 per cent of FDI came via Mauritius in the first 11 months of the last financial year – mainly because most of the investors want to take advantage of the double taxation avoidance agreement between Mauritius and India and Mauritius-based investors do not have to pay capital gains tax in India. Singapore is the second largest contributor of FDI after Mauritius, accounting for nearly 9 per cent of the investment during the same period. Japan comes in third with 8.3 per cent, followed by the Netherlands and the USA with 6.1 per cent each, and Cyprus with 4.5 per cent. The UK is a distant eighth in FDI ranking, contributing only 2.8 per cent of the inflow into India during April-February 2010-11. Full story
Singapore is 2nd largest contributer of FDI to India after Mauritius
Mauritius continues to be the preferred route for directing FDI into India. About 36 per cent of FDI came via Mauritius in the first 11 months of the last financial year – mainly because most of the investors want to take advantage of the double taxation avoidance agreement between Mauritius and India and Mauritius-based investors do not have to pay capital gains tax in India. Singapore is the second largest contributor of FDI after Mauritius, accounting for nearly 9 per cent of the investment during the same period. Japan comes in third with 8.3 per cent, followed by the Netherlands and the USA with 6.1 per cent each, and Cyprus with 4.5 per cent. The UK is a distant eighth in FDI ranking, contributing only 2.8 per cent of the inflow into India during April-February 2010-11. Full story
