Home | China | World | Business India Losing out in Foreign Hardware Investment: Survey WED, FEB 27, 2002     India was losing foreign investment in hardware sector to certain developing countries mainly due to tariff and other policy deficiencies in contrast to the country's continued dominance in the export of software, according the annual Economic Survey issued on Tuesday. Very low investment was taking place in hardware industry and foreign investment was going to China, Brazil, Malaysia and other countries, said the authoritative economic report. There were problems in hardware production in the country, which might be summarized as distorted tariff structure, poor infrastructure, high cost of finance, export and import policy, labor laws, inspection and low volumes of production, it added. While the computer software industry was likely to witness a cumulative growth of over 52 percent and the hardware industry was likely to grow by 11 percent during the 9th Five-Year Plan, which will end this year. The report said that software exports would registered a lower growth of over 40 percent at some 8.4 billion U.S. dollars during the fiscal year 2001-02 while exports of the overall electronics hardware and computer software were projected to touch 10.1 billion dollars. The computer software and services exports are among the fastest growing exports in the country, globally recognized as a major software player. However, the survey said, development of domestic market had still not been able to catch up with the revenues of software export market, though it had been registering a healthy growth rate. Editor:Zhong Source:Xinhua Recommend to your friend email:    China Central Television,All Rights Reserved