India : Total FDI flow during the 10th Plan was Rs.1473.23 cr
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Conncetta [2011-05-20]
As per the latest data available from Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, the total cumulative inflow of Foreign Direct Investment (FDI) from various countries into the textiles sector during the 10th Plan period (from April 2002 to March 2007) was Rs.1473.23 crore.
This information was given by the Minister of State for Textiles, Shri E.V.K.S. Elangovan in the Rajya Sabha, in a written reply to a question by Shri Ravula Chandra Sekar Reddy.
This accounts for 1.24 percentage share in the total cumulative inflow of FDI in the country, which stood at Rs.118562.09 crore during the same period.
The Minister further informed the house that to take the advantage of the growing Indian Capital Market, Foreign Institutional Investors (FIIs) are investing in the economy.
At present, the Indian Capital Market is buoyant with a strong regulatory framework conducive to attract larger long term FII participation, he added.