FDI in mining jumps to $657.46 million in Apr-Dec

The FDI in the mining sector jumped to a whopping $657.46 million in the April-December period of this fiscal as compared with just $12.73 million in the entire 2013-14 fiscal, Parliament was informed today.

"In 2012-13, the country had received $57.89 million FDI in the sector," Minister of State for Mines and Steel Vishnu Deo Sai said in a written reply to the Lok Sabha.

However, in 2011-12, FDI was $142.65 million.

Healthy flows into several sectors including mining has helped the country to attract $21 billion FDI during April-December this fiscal compared with $16.56 billion in the same period last year.

The other sectors which received FDI during the period include services, power, automobile and chemicals.

India is estimated to require about $1 trillion between 2012-13 to 2016-17 to fund infrastructure such as ports, airports and highways to boost growth.