<p>Total FDI during January-October 2010 reached $17.37 billion, the Ministry of Commerce and Industry said in a statement. <br /><br />India received $25.89 billion foreign direct investment in 2009-10 and targets $33 billion FDI in the current fiscal. However, the target is unlikely to be met considering the first seven months' data. <br /><br />The main reason behind the lacklustre inflow of foreign equity investment in India is the continued concerns over opening of multi-brand retail and insurance sector. <br /><br />The government has decided to commence stakeholder discussions on various important issues under FDI policy, the statement said. <br /><br />The Department of Industrial Policy and Promotion has issued five discussion papers on various aspects of FDI policy. <br /><br />It includes FDI in defence sector, FDI in multi-brand retail trading, approval of foreign/technical collaborations in case of existing ventures/tie-ups in India, issue of shares for considerations other than cash and FDI in Limited Liability Partnerships. <br /><br />“The consultation process has been completed in all cases,” it said. <br /></p>
<p>Total FDI during January-October 2010 reached $17.37 billion, the Ministry of Commerce and Industry said in a statement. <br /><br />India received $25.89 billion foreign direct investment in 2009-10 and targets $33 billion FDI in the current fiscal. However, the target is unlikely to be met considering the first seven months' data. <br /><br />The main reason behind the lacklustre inflow of foreign equity investment in India is the continued concerns over opening of multi-brand retail and insurance sector. <br /><br />The government has decided to commence stakeholder discussions on various important issues under FDI policy, the statement said. <br /><br />The Department of Industrial Policy and Promotion has issued five discussion papers on various aspects of FDI policy. <br /><br />It includes FDI in defence sector, FDI in multi-brand retail trading, approval of foreign/technical collaborations in case of existing ventures/tie-ups in India, issue of shares for considerations other than cash and FDI in Limited Liability Partnerships. <br /><br />“The consultation process has been completed in all cases,” it said. <br /></p>