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FDI inflows to hit all-time high

Posted on 2014-10-10

MUMBAI: India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said. "I am sure we would achieve an all-time high in FDI inflows in FY15 given the extra focus on the same we are giving," Joint Secretary in the Department of Industrial Policy and Promotion, Atul Chaturvedi said at an event organised by Ficci here last evening. He, however, declined to give a target for the inflows which the government is expecting for the fiscal. Chaturvedi said the highest ever FDI flows received by the country were in FY12 at $35.12 billion while in four months of this fiscal alone we have crossed $10.75 billion.