British Petroleum ( BP ) is making one of the biggest foreign direct investment(FDI) in India, with a $7.2 billion tie-up with Reliance Industries to explore for deepwater oil and gas.BP will take a 30 percent stake in 23 oil and gas blocks and form a 50:50 joint venture with Reliance for the sourcing and marketing of gas.

In the fiscal year that ends in March, India is on track to bring in $27.6 billion in FDI inflows, down from $35.6 billion in the previous year.

Below are some facts about major foreign investments in India:

* India's environment ministry last month approved plans by South Korea's POSCO to build a $12 billion steel mill, a boost for the foreign investment climate in Asia's third-largest economy after several setbacks for big ticket industrial projects.

* Vodafone entered India in 2007, paying $11.1 billion to buy a 67 percent controlling stake in Hutchison Whampoa Ltd's mobile business in India, in which India's Essar Group is a partner. The deal is the largest inbound foreign direct investment to be completed.

* Miner Vedanta Resources' planned deal worth up to $9.6 billion for control of energy firm Cairn India, slowed by disagreement over royalties, will be decided by India's cabinet, which could delay it further.

* Japanese drug maker Daiichi Sankyo paid up to $4.6 billion in 2008 for control of India's Ranbaxy Laboratories Ltd.