Question : Concerns of Foreign Investors

(a) the details of foreign investments that came to India during each of the last three years, country-wise and project-wise;

(b) the details of the difficulties being faced by foreign investors in India during the said period;

(c) whether the Government have any mechanism to find out the nature of difficulties being faced by the foreign investors in the country and if so, the details thereof;

(d) the extent to which the existing system has been able to deal with the concerns of foreign investors; and

(e) the corrective steps taken /proposed to be taken by the Government to resolve the issues being faced by the foreign investors including Japanese?

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THE MINISTER OF STATE
IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI C.R. CHAUDHARY)

(a): Country-wise information of Foreign Direct Investment (FDI) equity inflows for each of the last three years is given at Annexure-I. Project wise details of foreign investment are not centrally maintained.

(b) to (e): FDI policy regime in its present shape has evolved over the years, with the intent of making it simpler and investor friendly. It has been the intent of the Government to proactively address issues, if any, being faced by the foreign investors. Towards this end, Government has set up `Invest India’, a nonprofit venture as a single window facilitator to act as a structured mechanism to provide handholding support to foreign investors. Government plays an active role in investment promotion through dissemination of information on the investment climate and opportunities in India, and by advising prospective investors about investment policies. Various sector and country-wise roundtables are organized to address issues faced by foreign companies in India. These roundtables are attended by industry leaders pertaining to a specific sector or a country, regulators and representative from line ministries. These exercises are an attempt to ensure that the issues faced by foreign investors are addressed by government authorities. Invest India also has special desks to promote and facilitate country-specific investments in India. Several fast-track mechanisms dedicated to specific country have been started to follow up on the issues faced by companies and expedite the investment in the country. In addition to the above, special initiatives concerning specific country have also been launched to handhold investors from small & medium business segment from those countries. To resolve the concerns and issues that are being faced by the Japanese companies in India, Japan Plus and Government of India, jointly with Japan Chamber of Commerce and Industry in India (JCCII), conduct periodic review meetings on the list of suggestions that JCCII submits to DIPP. Japanese companies, by virtue of this platform, seek the guidance and support from Government of India in order to resolve the issues that they are facing, such as taxation, infrastructure, land acquisition, logistics, and finance.

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