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Rajya Sabha
According to FDI confidence Index 2004 compiled by A.T. Kearney, a global management consulting firm, India ranked third most attractive destination in Asia in 2004.
Government has put in place a liberal and transparent Foreign Direct Investment (FDI) policy and most of the sectors have been placed under the automatic route. FDI up to 100% is permitted on the automatic route for most activities/sectors except for a few sectors where caps have been prescribed. FDI will continue to be encouraged and actively sought, particularly in the areas of infrastructure, high technology and exports.
This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question by Sri Karnendu Bhattacharjee in Rajya Sabha today.
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