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FDI flows to cross $35 bn this FY: Nath

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Reuters

Posted: Oct 13, 2008 at 1344 hrs IST

New Delhi, October 13: Foreign direct investment (FDI) in India will be in excess of $35 billion in the current financial year that ends in March, the trade minister said on Monday.

"Liquidity will have some impact on investment flows but we hope to achieve FDI inflows in excess of $35 billion this year," Kamal Nath said on the sidelines of a business conference.

Last week, he said FDIs in India rose 124 percent to $14.6 billion in the April-August period.

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