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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.

Updated on: Nov 26, 2008, 17:43:15 IST
Reuters | By , New Delhi
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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.

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"FDI inflows till September-end have been robust and we expect FDI inflows to remain robust as companies like General Motors 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.