Question : INVESTMENT BY FOREIGN COMPANIES IN TOURISM SECTOR

(a) the number of foreign companies which have applied to the Union Government for investment in the Hotel and Tourism Industry;

(b) the details of investment likely to be made; and

(c) the places identified for the purpose?

MINISTER OF TOURISM AND CULTURE (SHRI JAGMOHAN)

(a), (b) & (c): As per the extant policy, FDI up to 100% is permitted on the automatic route in Hotel and Tourism Sector. During January 1999 to August 2002, 181 financial proposals were approved by the Government involving foreign direct investment of Rs.1402.48 crores. A statement indicating State-wise break-up of FDI approved during this period is enclosed.

STATEMENT IN RESPECT OF LOK SABHA UNSTARRED QUESTION NO. 2048 TO BE ANSWERED ON 02.12.2002 REGARDING INVESTMENT BY FOREIGN COMPANIES IN TOURISM SECTOR.

STATEMENT ON STATE-WISE BREAK-UP FOR FOREIGN DIRECT
INVESTMENT (FDI) APPROVED BY GOVERNMENT DURING JANUARY 1999
TO AUGUST 2002 SECTOR – HOTEL AND TOURISM.

Sr. No.	Name of the State	No. of Approvals	Amount of Foreign	% to Total	Financial	Direct Investment	Approved (In Rs.)

1.	ANDHRA PRASESH	1 0.30	0.02

2.	GUJARAT	2 1.25	0.02

3.	HIMACHAL PRADESH	2 0.35	0.02

4.	KARNATAKA	6 10.83	0.77

5.	KERALA	16 137.55	9.81
6.	MAHARASHTRA	41 328.06	23.39

7	ORISSA	1 84.40	6.02

8.	RAJASTHAN	2 23.59	1.68

9.	TAMIL NADU	30 388.94	27.73
10.	UTTAR PRADESH	1 0.80	0.06
11.	WEST BENGAL	3 30.85	2.20
12.	ANDAMAN & NICOBAR	1 0.00	0.00
13.	CHANDIGARH	1 0.16	0.01
14.	DELHI	45 383.09	27.31
15.	GOA	14 6.97	0.50
16.	MIZORAM	1 1.52	0.11
17.	PONDICHERRY	2 0.16	0.01
18.	State Not Indicated	12 4.66	0.33	-	Total	181	1402.48	-