|
The Government has put in place a liberal policy on Foreign Direct Investment (FDI) wherein FDI up to 100 % is allowed under the automatic route in most sectors and activities.
Under the liberalized the economic environment, investment decisions are taken by the entrepreneurs based on their commercial judgement and various other factors both external and internal. Besides the macro-economic environment in the host economy, global economic environment, corporate strategy of the transnational corporations, and the economic situations in other FDI destinations play a major role. Policy initiatives of the Government, including the policy on FDI are aimed at promoting modernization and technological upgradation, productivity and efficiency with a view to increasing industrial production and enhancing export competitiveness.
Statement showing the State-wise break-up of FDI inflows from January2002 to December 2004 is enclosed in Statement I. Sector wise break up of FDI inflows from January 2002 to December 2004 is enclosed in Statement II.
This was informed by Shri EVKS Elangovan, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.
SB/SS
|
