FDI inflow
The total FDI inflow (including NRI investment) during 2007-2008 (upto Feb, 2008) is US $ 20.1 billion. However, segregated data on NRI investment is not centrally maintained.
Government has put in place a liberal and transparent policy for FDI, including investments from NRIs, wherein most of the sectors are open to FDI under the automatic route. In addition, the policy allows special dispensation for NRI investments in the real estate and housing and in domestic airlines sectors.
In the real estates & housing sector, investment by NRIs is exempt from the conditions of minimum capitalization, minimum area development etc. NRI investment upto 100% is permitted on the automatic route for the following activities.
(i) Scheduled Air Transport Services/Domestic Scheduled Passenger Airline
Non-Scheduled air Transport Service/Non-Scheduled airlines, Chartered airlines and cargo airlines.
(ii) Ground Handling Services subject to sectoral regulations and security clearances.
This information was given by the Minister of Overseas India Affairs, Shri Vayalar Ravi in a written reply to a question, in the Lok Sabha .