|
India - Invest in India
FDI Strategic Sectors in India
Today, the automotive industry of India has made its mark
worldwide, making India the world's second largest manufacturer of two
wheelers; fifth largest manufacturer of commercial vehicles and fourth
largest passenger car market in Asia. It also manufactures the largest
number of tractors in the world.
Drugs and pharmaceutical industry occupies an important place in
the Indian economy. It has made tremendous progress in terms of
infrastructure development, technology base creation and production. Today,
the industry is manufacturing practically the entire range of the
therapeutic products. It is also capable of producing raw materials for the
manufacture of a large number of bulk drugs from the basic stage as well as
pharma machinery and eqipments. The industry has achieved global recognition
as a low cost producer of quality bulk drugs and formulations.
The Indian IT and ITeS industry is expected to grow to $148
billion by 2012. Over 25% p.a. CAGR expected over the next seven years.
India aims to achieve a 50% share in the global off-shored IT and BPO
services by 2008
In India, the food processing industry is one of the largest in
terms of production, consumption and export prospects. The Ministry of Food
Processing Industries (http://mofpi.nic.in/ ) is the main central agency
responsible for developing such a vibrant food processing sector. Thus,
there exist immense opportunities for investment in the Indian food
processing sector arising from the fact that India is one of the major food
producers in the world and has abundant availability of a wide variety of
crops, fruits, vegetables, flowers, live-stock and seafood. This is
reflected in the amount of FDI inflow into the sector which stood at Rs.
333.06 crores (US$ 74.01 million-approx.) in 2005-06 and 2006-07 (till
September 2006).
Tourism is one of the largest service industry in terms of gross
revenue and foreign exchange earnings. In India, the tourism industry has
the potential to grow at a high rate and ensure consequential development of
the infrastructure.
In India, the six core infrastructure industries having a direct
bearing on the infrastructural sector are crude petroleum; refinery
products; electricity generation; coal; cement; and finished steel. The
index of these infrastructural industries (having a combined weight of 26.7
per cent in the Index of Industrial Production), stood at 219.9
(provisional) and registered a growth of 7.2% in February 2007.
India's telecommunication network is the third largest in the
world and the second largest among the emerging economies of Asia. It still
continues to grow at an unprecedented pace and is one of the key sectors
responsible for India's resurgent economic growth. The number of telephones
has increased from 44.97 million (as on 31st March 2002) to 142.09 million
(as on 31 March 2006) and 190 million (till December 2006) and 203 million
(by February 2007). Also, the tele density in the country has steadily
increased from 4.29% (as on 31st March 2002) to 16.83% (as on 31st December
2006).
| 
