By IANS
New Delhi : Commerce and Industry Minister Kamal Nath Friday received the ‘FDI Personality of the year 2007’ award for his contribution in making the country the most preferred destination for foreign direct investment (FDI).
The award was conferred by Financial Times, London at a glittering event at a premiere luxury hotel in Delhi attended by senior government officials, industrialists, think tanks, economists, academicians and others.
“India is today on the radar of the world for its credibility. Today, India’s FDI outflows are also growing,” said an elated Nath, who was attired in a white traditional dress.
Foreign equity inflows into India have risen to $15.7 billion in fiscal 2006-07 as against $5.5 billion in 2005-06, crossing the $10 billion mark for the first time this month. The top five countries that invested heavily in India are Mauritius, Japan, Cyprus, the US and Singapore.