(a) whether the Government has taken steps to promote Foreign Direct Investment in the backward districts of the country after the implementation of liberalisation policy;
(b) if so, the details thereof;
(c) the details of total investment made by several companies in these districts of the country during the last three years, year-wise and Statewise; and
(d) if not, the reasons therefor?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI E.V.K.S. ELANGOVAN)
(a) to (d): The Government has put in place a liberal, transparent and investor friendly policy wherein Foreign Direct Investment (FDI) up to 100% is allowed under the automatic route in most sectors/ activities irrespective of location. Under the liberalized economic environment, investment decisions, including the choice of sectors and locations, are taken by the entrepreneurs based on their commercial judgement and other relevant considerations. Data on FDI inflows are not maintained district wise. Statement showing FDI inflows reported to the Regional Office of RBI is annexed.
ANNEX
STATEMENT REFERRED TO IN REPLY TO THE LOK SABHA UNSTARRED QUESTION NO. 2340 for 9.8.2005
REGION-WISE BREAK-UP FOR FDI INFLOWS
From APRIL 2003 to MAY 2005
(As Reported to Regional Offices of RBI)
(Amount in Rs. crore)
Sl.No. Regional States Covered 2003-04 2004-05 2005-06 Total Offices of RBI Apr-Mar Apr-Mar Apr-Mar Apr-Mar
1 Hyderabad ANDHRA PRADESH 353.49 747.85 22.81 1124.15
2 Guwahati ASSAM, ARUNACHAL 19.48 13.39 0.00 32.87 PRADESH, MANIPUR, MEGHALAYA,MIZORAM, NAGALAND, TRIPURA
3 Patna BIHAR, JHARKHAND 1.13 0.00 0.00 1.13
4 Ahemdabad GUJARAT 917.12 610.53 149.95 1677.60
5 Banglore KARNATAKA 926.53 1131.34 185.17 2243.04
6 Kochi KERALA, LAKSHADWEEP 44.53 33.77 6.45 84.75
7 Bhopal MADHYA PRADESH, CHATTISGARH 34.85 69.25 13.09 117.19
8 Mumbai MAHARASHTRA , DADRA & NAGAR HAVELI, DAMAN & DIU 1355.31 3183.13 295.29 4833.74
9 Bhubneshwar ORISSA 0.00 0.00 0.15 0.15
10 Jaipur RAJASTHAN 1.89 4.58 2.25 8.72
11 Chennai TAMIL NADU, PONDICHERRY 603.80 358.47 235.79 1198.05
12 Kanpur UTTAR PRADESH, UTTRANCHAL 0.00 0.03 0.00 0.03
13 Kolkata WEST BENGAL, SIKKIM, ANDAMAN & NICOBAR ISLANDS 84.50 467.37 144.62 696.49
14 Chandigarh CHANDIGARH, HARYANA, HIMACHAL PRADESH, PUNJAB 76.71 13.49 0.63 90.83
15 Delhi DELHI, PART OF U.P. AND HARYANA 2123.46 3717.53 2112.53 7953.52
16 Panaji GOA 160.59 100.66 12.71 273.96
17 Not Indicated 3360.72 4201.34 834.42 8396.47 Grand Total 10064.10 14652.73 4015.86 28732.69
1 Includes ‘equity capital component’ only.
2 Represents inflows through acquisition of shares by transfer from residents. For this, regional wise information is not provided by Reserve Bank of India.