The Government of India has taken several initiatives and measures to encourage foreign investment inflows, particularly the flow of Foreign Direct Investment (FDI). Major thrust areas include infrastructure development, particularly energy, power, telecom and township development. FDI in most of the sectors/activities including manufacturing sectors are under the automatic route and require only notifying the Reserve Bank of India. Initiatives have also been taken to make procedures related to transfer of shares and repatriation more simple. The policy & procedures for induction of foreign technology have also been progressively simplified. To create a more conductive investment climate, the procedures governing approvals/clearness are continuously reviewed. A Foreign Direct Investment Manual has been published on the web-site http://dipp.gov.in and procedures for investing in India. The website provides on line chat facilities for seeking guidance / clarifications on FDI related issues.
Kuwaiti investment in India has been modest. The Kuwait Fund for Arab Economic Development (KFAED) has extended concessional loans to India for a number of projects (8) in various sectors (Industry – 2 projects totaling Rs. 3.10 billion; Power – 5 projects totaling Rs. 6.71 billion and Ariculture – 1 project amounting to Rs. 0.80 billion) to the extent of KD. 88.854 MILLION (Rs. 10.61 billion) till 31st Deacember 1997. the updated figures of total loan amount upto 31.12.02 are US $ 270.17 Million, which works out to a little over Rs. 12.97 billion at the current rate of exchange. These projects are Kalinadi Hydro-Electric Power Stage (1); Kopili Hydro-Electric Power Project, Anpara Power Stage(1); Anpara Power(Coal transportation and handling); Thal Fertilizer; South Bassein Gas; Kalinadi Hydro-Electric (stage-2) and Kerala Fisheries Development.
First Secretary (E&P) - Tel : 2510891 Fax : 2525811
Attaché’ (Commercial) - Tel : 2562151 Fax : 2525811
Commercial Section - Tel : 2571193 Fax : 2525811