ARTICLE · 28 FEBRUARY 2005

Regional Head Quarters (RHQs)

K.F. Jetsey & C.

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Recently India’s Prime Minister Dr. Manmohan Singh, during his visit to UN, invited business enterprises in UK and USA to invest in India.

IndiaAccounting and Audit

Keshav Jetsey

Recently India’s Prime Minister Dr. Manmohan Singh, during his visit to UN, invited business enterprises in UK and USA to invest in India.

Economies world over including India have opened doors for capital investment in their countries.

FDI investment in India grew from USD 129 m in 1991 to $ 3557 m in 1997, and under the revised norms, to $ 4.66 b in 2002/03. However this was 24% less than 2001/02, which attracted USD 6.131 b.

Under the FDI Performance Index of UNCTAD, released in their World Investment Report of 2003, China ranked 54th and India was 122^nd. FDI flows to China grew by leaps and bounds from $ 3.5 b in 1990 to USD 52.7 b in 2002.

80% of Fortune 500 companies have presence in China, while only 37% of these firms outsource to India.

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