Cell To Monitor Fdi Accruals Above Rs 100cr

This step is being taken to reduce the lag between the approvals and accruals, industry minister Murasoli Maran said at the Economic Editors conference yesterday.

Denying a slowdown in the rate of FDI accruals, the minister said against $2 billion FDI accruals in 1995-96, approvals till Octo-ber 1996 stood at $1.71 billion.

The minister said the bulk of the approvals had been in the infrastructure sector with only 6 per cent of the projects cleared being in the consumer goods sector.