An industry-wise analysis of foreign collaboration approvals reveals that electrical and electronic (including telecommunications) accounted for 22% of the total approval, indicating highest priority to this sector, followed by industrial machinery 15.5%.
Foreign Investment By
Industries
An industry-wise analysis of
foreign collaboration approvals reveals that electrical and electronic
(including telecommunications) accounted for 22% of the total approval,
indicating highest priority to this sector, followed by industrial machinery
15.5%. Foreign collaboration in chemicals (other than fertilizers) was third in
importance. By and large it may be stated that the priority sector accounted
for about 70% of total approvals. It implies that foreign collaborations
approvals were more or less in conformity with the general climate towards
foreign capital in the country at that time.
Tags : Business Environment and Law-Foreign Capital And Collaboration
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