“Think tank to study role of retail giants” an article in Times of India
Few Excerpts from the article:
The minister also declared record FDI inflows of $2.04 billion in December 2006, which is 480% higher than 0.35 billion in the same month of the previous year. Large chunk of these investments came in textiles, business services, chemical products and ceramics. Huntsman Investments of Netherlands made the largest investment in textile sector. The company had, earlier got approval from FIPB to invest Rs 122.50 crore for acquisition of the its existing Indian company. The other big investment came from Cairn, which invested in business services. We expect total FDI inflows of $12 billion this year as against $5.5 billion in 2005-06, the minister added.
Total foreign equity investments were recorded at $9.3 billion between April and December 2006-07 against $3.5 billion in 2005-06. The index of industrial production showed a growth of 11.1% in December 2006 against the same month the year before. Manufacturing recorded a growth of 11.9% in December 2006.
