New Delhi: Commerce and Industry Minister Kamal Nath has been honoured as global 'FDI Personality of the Year 2007' by a Financial Times Group publication.
"This award is in recognition of your active efforts to attract foreign businesses to India, boost exports and promote trade and investment - the results of which have been a substantial increase in FDI inflows to India and rise in export volumes last year," PTI quoted FDI Magazine and Financial Times Business as reporting.
India's FDI equity inflows have risen to Rs 70,630 crore in 2006-07 from Rs 10,237 crore showing a seven-fold increase.
India's exports have almost doubled to Rs 5,63,800 crore during 2006-07 from Rs 2,93,367 crore in 2003-04, growing at an average annual rate of 25 per cent in the last three years.
"In 2006-07, FDI inflows grew by 183.56 per cent," PTI quoted Nath as saying reacting to the honour.
The publication said by choosing 'FDI personality of the Year' it recognises the political and business leaders around the world who have been the most proactive and innovative in securing foreign investment.
"You join the ranks of such previous winners as Mexican President Vincente Fox, Brazilian President Luis Inacio Lula da Silva, Mayor of Seoul Lee Myung-bak and Premier of Ontario Dalton McGuinty," the citation for Nath said.
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