The government on Thursday said the information technology industry received capital investment worth Rs 2,990 crore (Rs 29.90 billion) in 2002-03, out of which Rs 1,450 crore (Rs 14.50 billion) was foreign capital.
The total estimated investment in the IT industry is steadily rising over the years -- Rs 1,632 crore (Rs 16.32 billion) was the capital investment in 2000-01, while in 2001-02, the estimated capital investment rose to Rs 2,420 crore (Rs 24.20 billion), Minister of State for Communications and IT, Su Thirunavukkarsar, said in Rajya Sabha.
The estimated foreign capital investment was Rs 725 crore (Rs 7.25 billion) in 2000-01 and Rs 1,300 crore (Rs 13 billion) in 2001-02.