Government to encourage all sources of investment

The saving rate and investment rate by the end of 2007-08 is estimated to be 35.6 per cent and 36.3 per cent respectively. The trend is reflected on the foreign investment side also. During the period April-December 2007-08, foreign direct investment amounted to US$ 12.7 billion and foreign institutional investment to US$ 18 billion. The Government policy is to encourage all sources of investment, domestic and foreign, private and public.

The Government proposes to provide Rs. 16,436 crore as equity support and Rs. 3,003 crore as loans to Central Public Sector Enterprises (CPSEs). As of now 44 CPSEs are listed. It is the policy of the Government to list more CPSEs in order to unlock their true value and improve corporate governance.

Source : Press Information Bureau

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