Foreign Direct Investment
Under the overall guidance and policies of the government of India, the West Bengal government welcomes foreign technology and investments as may be appropriate for the needs of the state and is mutually advantageous. Foreign direct investment has mostly come in the manufacturing and telecommunication sectors. According to the Department of Industrial Policy & Promotion, Government of India, the cumulative FDI inflow in Kolkata Reserve Bank region (comprising West Bengal, Sikkim, Andaman and Nicobar Islands) from April 2000 to December 2011 amounted to US$ 1,863 million ( 8,092 crores rupees). Kolkata Reserve Bank region was seventh among the reserve bank regions of the country in terms of amount of cumulative FDI, behind Mumbai, New Delhi, Bangalore, Ahmedabad, Chennai and Hyderabad regions.
Read more about this topic: Economy Of West Bengal
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