2006 has been a year of record foreign direct investment (FDI) inflows with FDI equity inflows alone during 2006-07 expected to cross US $ 11 billion, more than double the equity inflows of US $ 5.5 billion last year, Shri Kamal Nath, Union Minister of Commerce and Industry, has said while giving a overview of the performance of the Department of Industrial Policy & Promotion (DIPP) during the year ending 2006.
“Once the reinvested earnings of foreign companies already present in India is also taken into account in FDI inflows, which is the world-wide practice, the total FDI inflows in 2006-07 could be as high as US $ 14 billion, compared to US $ 7.7 billion last year”, he said.
While industrial production has grown by over 10 percent during April-October 2006, a major highlight of this industrial growth has been the high level of growth recorded by the manufacturing sector.
“Between April and October 2006, the growth rate of manufacturing was 11.2 percent over the corresponding period of the previous year and there are indications that this rate will be maintained and probably bettered and the targeted rate of growth of 12 percent in manufacturing of the Eleventh Plan is likely to be achieved in the Tenth Plan terminal year itself.”
“The contribution of manufactured products to exports is growing with a share of about 84 percent in total merchandise exports during the year 2005-06. These have recorded a growth rate of 22.6 percent in 2003-04, 29.7 percent in 2004-05 and 23.4 percent in 2005-06”, the Minister said.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
