Japanese investment may touch $ 5 billion by 2010
Kolkata: India expects Japanese investment in the country to touch $5 billion by 2010. This was indicated by Ddepartment of industrial promotion & policy (DIPPipp) director Mr Sanjay K Thade in Kolkata on Friday. Addressing a seminar, 'Doing business in Japan', organized by Ficci, Mr. Thade said, "Japanese FDI is expected to flow into four sectors - automobiles, auto components, chemicals and infrastructure." The DIPPipp director said that from July 1991 to July 2007, Japan's cumulative FDI inflow into India is to the tune of $ 2,585 million, which is only 5% of the total FDI flow of $ 60.2 billion into India since July 1991.
Source: The Economic Times
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