(a) whether it is a fact that the Foreign Direct Investment in the steel sector remains sluggish;
(b) if so, the reasons therefor; and
(c) the efforts being made by the Government in this regard?
(a) whether it is a fact that the Foreign Direct Investment in the steel sector remains sluggish;
(b) if so, the reasons therefor; and
(c) the efforts being made by the Government in this regard?
MINISTER OF THE STATE IN THE MINISTRY OF STEEL (SHRI A. SAI PRATHAP)
(a) The Foreign Direct Investment in steel (ferrous) for the past three financial years and the current
year (April – December) is given in the table below: -
(Amount in Million)
S. No. Year (April-March) FDI (in Rs.) FDI (in US$)
1. 2006-07 1281.51 27.84
2. 2007-08 53.48 1.32
3. 2008-09 3352.94 69.21
4. 2009-10 3945.17 81.57 (April- December, 2009)
(Source: Department of Industrial Policy & Promotion)