The Hindu Business Line : `70 pc foreign cos making profits from Indian operations'

THE Federation of Indian Chamber of Commerce and Industry's (FICCI) annual survey on foreign direct investment finds that 70 per cent of the foreign companies are making profits from their Indian operations and 84 per cent of the surveyed companies have given a `positive' assessment of the country.

Over 91 per cent of the respondents said there are opportunities for greater FDI inflow in their own industry sector. Eighty four per cent of the companies surveyed are planning expansion of their Indian operations. India's attraction as a source of skilled IT/BPO workforce was rated as `high' by 90 per cent of the respondents. However, India's attraction in terms of being an export platform or manufacturing base was rated as `high' by only 34 per cent and 32 per cent respectively.

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`70 pc foreign cos making profits from Indian operations'

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