Foreign direct investment in the IT and telecom sector expected to increase by more than 100 per cent in 2006

The government expects the foreign direct investment (FDI) in the IT and telecom sector to go up by more than 100 per cent in 2006 given the recent policy measures and opportunities in the buoyant industry. In 2005, telecom attracted an FDI of $2.5 billion while IT attracted $6.5 billion.