FDI up 65% at $4.06 bn
New Delhi: India's foreign direct investment (FDI) in the year ended March 2002 rose 65 per cent to $4.06 billion from $2.46 billion in the year-ago period, a government statement said.

The statement said that foreign investment inflows in the January-March quarter of the current financial year were at $1.35 billion, without American and global depository receipts.

That was up 43 per cent from $0.94 billion in the same period in the previous year. Some years ago, the government set an annual target of attracting $10 billion in foreign direct investment, but had managed only about $3.0 billion each year. In comparison, neighbour China has attracted $30-40 billion in FDI annually for several years.
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A-I plans new routes
Bangalore: Air India is looking at fleet expansion by re-entering markets like Seoul, Osaka and Johannesburg.

Air India will also consider exploiting more effectively emerging markets in the country such as Bangalore, Hyderabad and Kochi.

Air-India would like to see its fleet size grow to around 53 aircraft over the next five years from the present level of 23 (plus five leased Airbus 310s).
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ITI, Texas Instruments to develop IP phones
Mumbai: ITI has tied up with US-based semiconductor chip manufacturer Texas Instruments (TI) for developing IP phones in the country. The products are likely to be launched some time this year.

An IP phone basically allows a customer to access the internet directly. It serves as a nodal point for both data and voice communication. ITIs phones are likely to be cheaper than those manufactured by foreign companies such as Alcatel, Siemens or Cisco, giving them tough competition.

Texas Instruments Research and Development (R&D)for its IP chip is being done in Bangalore.
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