ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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WEST- BENGAL-What Is Being Celebrated

3f India on NRI investments are rather intriguing. They also raise some questions. Of the total number of 974 NRI investment proposals received in the five-year period 1984-89, as many as 806 (i e, roughly 84 per cent) were cleared by government. But so far only 103 projects (12,5 per cent) have been set up and another 351 projects (44 per cent) are described as being "under implementation" (whatever that term can be understood to mean). A small number, 29 to be exact, have been abandoned. But what about the rest? Could it be that as high a proportion as 40 per cent of the officially cleared NRI projects have not reached even the drawing-board stage?

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