Asiana21

KPMG: INDIA PREFERRED OVER US, JAPAN FOR FOREIGN INVESTMENT

The Financial Express, June 20, 2008

India is likely to see the highest growth in foreign investments and become the world leader for investment in manufacturing, according to a survey by KPMG, which is a global network of professional firms providing business advice.

The study says that while 10% of the 300 multinationals surveyed expect to invest in India at present, around 18% want to invest in the country in the next five years. "It is the biggest gainer among BRIC (Brazil, Russia, India and China) countries," said KPMG India chief executive officer Russell Parera.

"A significant amount of investment in India in the next five years is expected from first-time investors," Parera said.

The survey was conducted in 15 countries. Corporate investment strategists were asked where they planned to invest in the next 12 months and five years. The results show a move away from investments in the United States, Japan, Singapore and the United Arab Emirates, and a big increase in flows towards the BRICs.

However, China is likely to lead the pack in investment intentions over the next five years, with around 24% of respondents planning an investment there. China was followed by the US (23%) and Russia (19%). India---fourth with 18%--- has emerged overall winner with the highest increase of 8%.

(...) [artículo aquí]