SHARP INCREASE IN FDI INFLOWS DURING APRIL-MARCH 2001-2002
There
has been considerable increase in foreign direct investment (FDI)
inflows during 2001-2002 compared to the previous two years, according
to the recent statement by Dr. Raman Singh, Minister of State
for Commerce & Industry, -- in reply to a question – laid
in the Lok Sabha. The inflows during 2001-2002 were 98.36% and
73.81% higher than that of 1999-2000 and 2000-2001 respectively,
the Minister said.
The
year-wise inflows during the last three years are as under:
Year
FDI
Inflows
(excluding
ADRs/GDRs and advance
pending issue of shares)
(April-March)
(Rs. In crore)
- 9,404.05
- 10,732.61
- 18,654.11
Dr.
Singh further stated that the government is making continuous
efforts to promote India as a preferred investment destination
by providing an internationally competitive investment climate
in terms of policy framework, factors and institutions. The FDI
policy is reviewed continuously for carrying out progressing reforms,
he added..
