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Dec 22, 2009 >
FDI drops due to poor law, order: OICCI report
FDI drops due to poor law, order: OICCI report
The deteriorating law and order situation has pulled down foreign direct investment (FDI) by Rs 55 billion, or 37 percent, said the Overseas Investors Chamber of Commerce and Industry's (OICCI) Investment Survey Report (ISR) 2009. President of OICCI, Farrukh H Khan, said at the launch of the ISR 2009 held in OICCI Council Hall on Monday that although a limited increase of Rs 148 billion in FDI took place in financial year 2008 if compared with the FDI of Rs 146.615 billion in financial year 2007.