193 sick industrial units revived: Govt

New Delhi, Mar 5 (UNI) The government today informed the Rajya Sabha that 193 sick industrial units have been discharged from BIFR/SICA consequent upon their networth turning positive.

As on May 2004, a total of 4,943 industrial units were registered with BIFR and during May 1, 2004 to 31st January, 2008, a total of 193 industrial units have been discharged from the BIFR, Minister of State for Commerce Ashwani Kumar said in a written reply to the Rajya Sabha.

On Foreign Direct Investment (FDI), the Minister said up to 100 per cent is allowed under the automatic route in the manufacturing sector subject to the sectoral guidelines.

FDI inflows in the manufacturing sector during April 2000 to December 2007 were 19,038 million dollars and during the same period inflows in the manufacturing sector in the north eastern region were 1.44 million dollars.

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