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Our Bureau

New Delhi , Dec. 3

India is now the hotspot for investment. According to FDI Survey 2006, conducted by FICCI, 70 per cent of foreign investors are making profits from their Indian operations and 83 per cent are considering expansion of business.

The survey covered 76 foreign direct investors across various industries and verticals.

Ninety one per cent of the companies making profits said that they have been successful in meeting their profitability targets in India.

An overwhelming 87 per cent of the respondents echoed the view that there exist opportunities for greater FDI in India.

The fact that foreign investors are looking at India as an important market for the future is reinforced by the fact that nearly 83 per cent of the respondents are considering expansion of their Indian operations.

The Indian market is also becoming increasingly competitive. The percentage of respondents citing `intense competition' as a feature of the Indian market has gone up from 59 per cent in a similar survey of the chamber last year to 67 per cent this year.

With many new players entering the Indian market and with both domestic and foreign players in scaling-up mode, a crunch in the availability of skilled manpower has been reported.

The proportion of respondents citing availability of skilled manpower in the country as `good' has fallen from 67 per cent last year to 52 per cent this year.

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