Textiles sector receives 1.25 per cent of total FDI inflows during 10th Plan
29 Aug 2007
The total cumulative inflow of foreign direct investment (FDI) from various countries into the Indian textiles sector during the 10th Plan period (from April 2002 to March 2007) was Rs1,473.23 crore.
Citing the latest information from the commerce ministry''s department of industrial policy and promotion (DIPP), minister of state for textiles, E V K S Elangovan said this accounted for 1.24 per cent of the total cumulative inflow of Rs118,562.09 crore FDI in the country.
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.
