Finance

US $1,295mn foreign equity in urban projects in a year

Views: 575

Urban Development Minister M Venkaiah Naidu has said that Foreign Direct Investment of US $1,295.05 mn (Rs.7,924.85 cr) as equity had flown into various urban projects in the country during April 2013 –April 2014

The minister was responding to a question raised by Poonamben Maadam in the Lok Sabha recently.

The beneficiary projects included construction of townships, housing, infrastructure development etc., spread across 22 states/Union Territories, according to Naidu.

Delhi topped the list of recipients of such FDI with an investment of US $565.97 mn, followed by Chennai (US $220.84 million ), Mumbai (US $177.04 million) and Ahmedabad (US $131.77 million).

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular

.

About Us

Smart city portal was started with an aim to provide latest news information about the smart city mission of the Government of India. Founded in 2015, the portal enjoys the distinction of being India's first integrated website on smart cities of India. The website features stories on the economic growth of Indian cities where the government is trying to improve the quality of life of people by enabling local development and harnessing technology as a means to create smart outcomes for citizens.

Contact Us

Elets Technomedia Pvt. Ltd. Stellar IT Park, 7A/7B, 5th floor, Annexe Building, C-25, Sector 62 Noida – 201309, Uttar Pradesh, India

To Top