Speaking on the BJP's economic resolution during a two-day national council meeting here, Sinha said that of the total investments of Rs 5 lakh crore, foreign investments were to the tune of Rs 9,200 crore. "This clearly shows that this will speed up the progress of `Bharat'," he said.

Sinha said that foreign investments would be welcome in certain areas where internal resources are not adequate enough to boost the growth. He called upon the party workers to launch an aggressive campaign in this regard with a view to removing the misconceptions.

Sinha's assertion assumes great importance as the critics from the party, RSS Parivar and communists have been firing salvos against the Centre's FDI polices on the grounds that it was nothing but a surrender to MNCs.

Sinha said the BJP-led government at the Centre has not taken any initiatives to reform economy under the pressure from international agencies such as World Bank, International Monetary Fund. "These agencies cannot either dictate or directly intervene. Our sovereignty is intact and we will not allow any kind of pressure from these agencies while carrying out economic reforms," he said.

Sinha strongly defended the Centre's disinvestment policies and said since its launch in 1991, though its proceeds were worth Rs 18,000 crore, the budgetary, plan and non-plan assistance were of the order of Rs 61,000 crore. During the National Democratic Alliance government, the proceeds were of Rs 5,000 crore of which Rs 4,000 crore through internal adjustment.