Kamal Nath
“On FDI, currently streamlining is under process, and within two weeks we should be able to bring in something,” Kamal Nath told reporters on the sidelines of a textile summit here.
The FDI policy, which was to have been introduced in March, is likely to allow 100 percent FDI in India’s booming aviation sector. It is also expected to open the country’s retail and banking sectors to foreign investors in a big way.
Foreign equity inflows into India have risen to $15.7 billion in fiscal 2006-07 as against $5.5 billion in 2005-06, according to commerce and industry ministry data.
