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FDI inflow tops $25bn till Feb
Nidhi Francis, UTVi
Published on Wed, Apr 8, 2009 at 15:38 IST

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Tags: Dollars  FDI inflow tops $25bn till Feb  Ajay Shankar  IIP  cement  steel 
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NEW DELHI: The government today said foreign direct investment (FDI) till the end of February at $25.38 billion has surpassed the FDI inflow of $24.57 billion in the previous financial year.

Ajay Shankar, secretary, DIPP, said FDI inflow for February was $1.4978 billion, which was  lower than the January inflow of $2.733 billion. "Despite the extereme downturn, FDI data is quiet encouraging," Shankar added.

Certain key sectors in the index industrial production (IIP) has started to look up, and the February IIP data is moderately positive. "Cement and steel sectors are likely to do well this fiscal," Shankar said.

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