News: 'Indian FDI flow $10.3 bn in FY'06'

(PTI 29/07/2006) New Delhi - The Government on Friday had said 10.3 billion dollars of FDI, including money raised from ADRs and GDRs, flowed into the country country during 2005-06.

The FDI constituted 37.12 per cent of the total capital flow of 27.7 billion dollars, Minister of State for Finance P K Bansal informed Lok Sabha.

He said the government has undertaken a comprehensive review of Foreign Direct Investment policy and associated procedures in Februray 2006.As a result, a number of rationalisation measures have been taken including doing away with the multiple approvals by the regulatory authorities, he said.