India ses no slowdown in FDI inflows: Industry Secy
Foreign direct investment inflows are likely to remain robust as some global firms continue to expand Indian operations despite the global downturn.business Updated: Nov 26, 2008 17:43 IST
Foreign direct investment (FDI) inflows are likely to remain robust as some global firms continue to expand Indian operations despite the global downturn, Industry Secretary Ajay Shankar said on Wednesday.
"FDI inflows till September-end have been robust and we expect FDI inflows to remain robust as companies like General Motors <GM.N> and Toyota <7203.T> are going to execute their ongoing projects." he told reporters.
"There is no indication of a slowdown in FDI inflows."
Indian authorities are actively looking at fiscal and monetary measures to stimulate demand in Asia's third-largest economy to maintain a high growth rate, he said, adding that relaxation of foreign investment rules are also being considered.