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Three countries — the US, Mauritius and Luxembourg — accounted for more than 50 per cent of the total foreign portfolio investment FPI that India received so far. Out of Rs In terms of equity, investors from the US account for nearly 37 per cent of the total followed by Mauritius with a share of 11 per cent. Singapore accounts for 29 per cent of the total debt investments followed by Luxembourg with a share of 11 per cent. Singapore and the US account for a major proportion of hybrid investment with a share of 41 per cent and 28 per cent respectively.
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India ranks third among the most attractive investment destinations for technology transactions in the world. Dr Harsh Vardhan, Union Minister of Department of Science and Technology, has reiterated that technology is a strong priority area for the Government, and it aims to make people science centric. Modern India has had a strong focus on science and technology, realising that it is a key element for economic growth. India is among the topmost countries in the world in the field of scientific research, positioned as one of the top five nations in the field for space exploration. India is likely to take a leading role in launching satellites for the SAARC nations, generating revenue by offering its space facilities for use to other countries. In September , India moved four places up to reach the 48th rank and made to the top 50 countries in the Global Innovation Index GII for the first time. The Government is extensively promoting research parks technology business incubators TBIs and RPs , which would promote the innovative ideas till they become commercial ventures.
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