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FDI in India reaches record level in FY20

Foreign direct investment (FDI) in India grew by 13 per cent to a record $49.97 billion in the 2019-20 financial year, according to official data. Services sector in the country has attracted maximum investment at $7.85 billion.

The country had received FDI of $44.36 billion during April-March 2018-19. Sectors which attracted maximum foreign inflows during 2019-20 include services $7.85 billion, computer software and hardware $7.67 billion, telecommunications $4.44 billion, trading $4.57 billion, automobile $2.82 billion, construction $2 billion, and chemicals $one billion, the the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.


Singapore emerged as the largest source of FDI in India during the last fiscal with $14.67 billion investments. It was followed by Mauritius $8.24 billion, the Netherlands $6.5 billion, the US $4.22 billion, Caymen Islands $3.7 billion, Japan $3.22 billion, and France $1.89 billion.

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John Xavier

In 2019, Xavier founded London Baron Limited, with Manavatty as its flagship product.

John Xavier

How John Xavier turned Kerala’s traditional arrack into Manavatty — a rising UK spirits brand

Highlights

  • Manavatty now available in over 250 off-licence shops across the UK and expanding to 20 countries.
  • Brand won bronze at London Spirits Competition 2025 and Spirit Bronze 2025 at International Wine and Spirit Competition.
  • Scottish National Party auctioned signed Manavatty bottles at Edinburgh for party fundraising.
When Scotland's first minister John Swinney signed a bottle of Manavatty at the Scottish National Party convention in Edinburgh on (November 15), it marked an extraordinary milestone for an entrepreneur who had resurrected a spirit banned in his native Indian state.
With Scotland's SNP elections approaching in 2026, the party selected Manavatty for their traditional fundraising auction, a recognition that few immigrant-founded brands achieve.

"It's a tradition for the SNP political party to keep a product at an auction and take the funds for party welfare," explains John Xavier, the man behind this unlikely success story.

John Xavier Manavatty was selected for SNP's traditional fundraising auctionJohn Xavier

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