"It will cross $7 billion," Ajay Dua, secretary, Department of Industrial Policy and Promotion said in New Delhi. FDI inflow as of November 2005 stood at $3.3 billion. Figures for December 2005 are being computed, he said.
The government is expecting $300-400 million investment from steel major Posco in the mining sector.
Commerce Minister Kamal Nath had earlier set a target of $7.5 billion FDI inflow in 2005-06 and $10 billion in the next fiscal.