News: Indian FDI inflow trebles; new target at $25 b

(BL 15/04/2007) New Delhi - The Government has set a target of $25 billion for foreign direct investment into India for the ongoing fiscal.

"We have consistently been getting higher FDIs and last fiscal was the highest at $15 billion compared to just $5.5 billion in 2005-06. The target for the current fiscal is $25 billion," said the Commerce and Industry Minister, Kamal Nath, at a meeting organised by the Confederation of Indian Industry here on Saturday.