(a) the total NRIs fund has been raised from Non-Resident Indians (NRIs) upto December, 1999;
(b) how much part of NRIs fund has been utilised in implementation of large infrastructure projects; and
(c) the National Policy on the subject along with a perspective plan of two years and ten years ?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(BALASAHEB VIKHE PATIL)
(a) and (b) : Total investment inflows from NRIs under various investment schemes and the share of investment in the infrastructure sector during the last three calendar years as reported by the Reserve Bank of India (RBI) have been as follows :
(Rupees Crores)In addition, an amount of Rs. 18,051 crores had been mobilised through issue of Resurgent India Bonds in August, 1998 for deployment in the infrastructure sector, Government securities and meeting CRR requirements of RBI.
YEAR 1997 1998 1999 (provisional)
(I) NRI investment inflows 1039.61 360.08 522.43
(II)Investment inflows in 325.46 168.41 48.30 the infrastructure sector