100% FDI permitted in most sectors under automatic route

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....00% FDI permitted in most sectors under automatic route <br>News and Press Release<br>Dated:- 24-6-2008<br><BR>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 develop....

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....ment 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 belo....

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....w: 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. TELECO....

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....MMUNICATIONS (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) ....

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....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)<BR> News - Press....

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.... release - PIB....