• PAGE ONE
• INDEX
• HOME

`FDI approvals, inflow up'

Our Bureau

NEW DELHI, Feb. 16

THERE has been a significant step-up in approvals as well as actual inflows of foreign direct investment (FDI) into the country during the calendar year 2000, according to the Union Minister of Commerce and Industry, Mr Murasoli Maran.

At a meeting of the Parliamentary Consultative Committee attached to his Ministry, Mr Maran said actual FDI inflows into India touched $4,498.1 million in 2000, showing a 12-per cent increase over the previous year's figure of $4,016.1 million. The amoun t of FDI approved in 2000 stood at $8,613.8 million, 27.5 per cent higher than $6,753.9 million previously.

With inflows of $4.5 million in 2000, cumulative FDI inflows between January 1991 and December 2000 amounted to $23,696.5 million. FDI approvals during this period stood at $68,313.1 million, translating into a realisation rate (i.e ratio of inflows to a pprovals) of 34.7 per cent.

Mr Maran said the last two years had seen an increase in the inflow-approval ratio and the current realisation rate of FDI was around 52 per cent.

The top 10 sectors which attracted FDI are fuel (power and oil refinery), telecommunications, electrical equipment, computer software and electronics, transportation, services, metallurgy, chemicals, food processing, hotel and tourism and textiles.