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68 FDI inflow through tax havens
increases manifold — Mauritius, Singapore & Cyprus contribute 61% of FDI inflow
in 2007-08.
FDI from Mauritius, jumped from Rs.28,759 crore in
2006-07 to Rs.44,483 crore in F.Y. 2008, registering a 55% growth, whereas FDI
inflows from Singapore rose by whopping 362% during the same period, an analysis
based on FDI data reveals. FDI from Cyprus rose over 12 times from Rs.266 crore
in F.Y. 2007 to Rs.3,385 crore.
(Source : The Economic Times, 20-7-2008)
