Gross foreign direct investment (FDI) inflows during April 2007 totalled US$1.6 billion as compared with US$700 million a year ago.
Partner
OP Khaitan & Co
This large year-on-year hike speaks well of the efforts and policies of the government of India to make the country’s economy more attractive to FDI. Recent changes have been particularly positive for the insurance industry.
For several years now, the industry has been eagerly hoping for a hike in the limit of permitted foreign direct investment from the present 26% to 49%.
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Gautam Khaitan is a partner at OP Khaitan & Co. He works mainly on corporate and commercial matters and has considerable experience over a wide range of corporate and commercial transactions.
Khaitan House
B-1, Defence Colony, New Delhi – 110 024, India
Tel: +91 11 4650 1000
Fax: +91 11 2433 7958, 4155 1590
Email: gkhaitan@opkhaitan.com
arihant@opkhaitan.com
Website: www.opkhaitan.com
