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100% FDI permitted in most sectors under automatic route |
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| 24-6-2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shri Kamal Nath, Union Minister of Commerce & Industry, has stated that Foreign Direct Investment (FDI) up to 100% is permitted under the automatic route in most of the sectors and added that FDI is a means to supplement domestic investment for achieving a higher level of economic development and providing opportunities for technological upgradation as well as access to global managerial skills and practices. With forward and backward linkages and access to international quality goods and services, FDI brings in capital and also provides access to modern technology and best practices. A statement on FDI equity inflows in various Sectors during April 2004 to March 2008 is as below: Amount Rupees in crore (US$ in million)
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