India Attracts FDI Equity Inflow in R&D Sector is 516% Higher Compared to 2020
20 July 2022: India attracted USD 343.64 million FDI equity inflow in R&D sector during 2021 which is 516% higher as compared to previous 2020 (USD 55.77 million). Karnataka is the top FDI Equity recipient state in R&D during 2021 followed by Telangana and Haryana. The following states showed growth of more than 250% during 2021 compared to previous 2020: Telangana, Karnataka, Haryana, Andhra Pradesh & Tamilnadu.
Singapore is the top investing country in R&D during 2021 with 40% share of total FDI Equity in R&D followed by Germany (35%) and U.S.A (11%). Further, FDI Equity inflow from several countries like Germany, Mauritius, France, Singapore, Oman and U.S.A. showed an increase of more than 200% as compared to previous 2020.
Daimler Truck Innovation Center was the top FDI Equity inflow recipient company in R&D during 2021 with 35% share of total FDI Equity in R&D followed by Aragen Life Sciences (P) Ltd. (34%) and Stelis Biopharma (P) Ltd. (21%).
Research and Development (R&D) plays an important role in the development of a knowledge-based economy that can pave the way for higher economic growth. Foreign Direct Investment (FDI) infuses long term sustainable capital in the economy and contributes towards technology transfer, development of strategic sectors, greater innovation, competition and employment creation amongst other benefits.
