FDI inflows rise to $1.5 bn in Dec 2009

The overseas inflows,however,declined marginally to USD 20.9 billion in April-December compared to USD 21.15 billion in the corresponding period last year,the official said.

This is the third consecutive month that FDI inflows have posted a healthy year-on-year jump.

In October 2009,FDI grew by 56 per cent to USD 2.3 billion,while in November it surged by 60 per cent to USD 1.74 billion against USD 1.08 billion in November 2008.

In a move to push FDI inflows further,the Commerce and Industry Ministry has released a draft document that consolidates FDI policy notified through 177 Press Notes so far into a single regulatory framework.

The move is aimed at providing a greater clarity on the existing rules to foreign investors,but will not change the current FDI norms or sector specific caps.