Delhi most favoured destination for FDI
Delhi has emerged as the most favoured destination for foreign direct investment (FDI) with over 14.73 per cent of the total Rs. 2,07,770 crore FDI approved during 1991-2000 going its way.
Maharashtra with 13.83 per cent of total FDI is second. Andhra Pradesh with less that four percent of total FDI approved during the ten years since liberalisation is at the seventh spot, according to Confederation of India Industry (CII) data on investments in India.
Delhi, Maharashtra, Karnataka, Tamil Nadu and Gujarat, together account for 53 per cent of the total amount of FDI approvals during the period.
On the domestic investment front, Maharashtra garnered 21.7 per cent of Rs.6,96,030 crore investment proposals during August 1991 and March 2000. It was followed by Gujarat, Uttar Pradesh, Andhra Pradesh and Madhya Pradesh. These five States attracted 62 per cent of the total domestic investment.
Tamil Nadu with 6.5 per cent of total domestic investment is at the sixth spot closely followed by neighbouring Karnataka with 5.12 per cent of total investment.
FICCI urges fund for SSIs’ technology upgradation
Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested setting up of a separate fund at the national level to help small industrial units to adopt technology. In a background paper on the impact of the World Trade Organisation on Indian SSIs, FICCI has observed the following:-
Federation of Indian Chambers of Commerce and Industry (FICCI) has launched www.cleantechindia.com - India’s first environmental information portal. It has been specially developed jointly by FICCI, ICICI and US aid to assist Indian industry in improving its environmental performance. The portal provides a large volume of information such as industry specific environmental check lists, technology tips, audit manuals, guide books and success stories. Technology Sources directory of the Website contains detailed information about 10,000 environmental technology companies. Cleantechindia can also help in undertaking technology negotiations, specially with US companies and setting up demonstration projects.
Environmental Information Centre has been set up at FICCI with three full
time professionals ready to answer environment related queries.