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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)
Ranks | Sector | 2004-05 (April- March) | 2005-0 (April- March) | 2006-07 (April-March) | 2007-08 (April- March) |
1. | SERVICES SECTOR (financial & non-financial) | 1,986 (444) | 2,399 (543) | 21,047 (4,664) | 26,589 (6,615) |
2. | COMPUTER SOFTWARE & HARDWARE | 2,441 (539) | 6,172 (1,375) | 11,786 (2,614) | 5,623 (1,410) |
3. | TELECOMMUNICATIONS (radio paging, cellular mobile, basic telephone services) | 570 (125) | 2,776 (624) | 2,155 (478) | 5,103 (1,261) |
4. | CONSTRUCTION ACTIVITIES (including roads & highways) | 696 (152) | 667 (151) | 4,424 (985) | 6,989 (1,743) |
5. | HOUSING $ REAL ESTATE | 0 (0) | 171 (38) | 2,121 (467) | 8,749 (2,179) |
6. | AUTOMOBILE INDUSTRY | 559 (122) | 630 (143) | 1,254 (276) | 2,697 (675) |
7. | POWER | 241 (53) | 386 (87) | 713 (157) | 3,875 (967) |
8. | PETROLEUM & NATURAL GAS | 518 (113) | 64 (14) | 401 (89) | 5,729 (1,427) |
9. | METALLURGICAL INDUSTRIES | 836 (182) | 6,540 (147) | 7,866 (173) | 4,686 (1,177) |
10. | CHEMICALS (other than fertilizers) | 909 (198) | 1,731 (390) | 930 (205) | 920 (229) |
Full FDI under automatic route permitted in most sectors, enhancing investment, technology transfer and managerial skills. Full foreign direct investment is permitted under the automatic route in most sectors to supplement domestic investment and provide technological upgradation and managerial skills, bringing capital, forward and backward linkages, and access to international quality goods and services. The release reports sectoral FDI inflows for services, computer software and hardware, telecommunications, construction, housing and real estate, automobile, power, petroleum and natural gas, metallurgical industries, and chemicals for the period April 2004 to March 2008.
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