Question : Foreign Direct Investment

(a) the details of the Foreign Direct Investment (FDI) made in the country including food processing industries during each of the last three years and the current year, State/UT-wise, sector-wise and company-wise;

(b) the percentage of the capital investment by foreign companies out of the total investment made in food processing industries in the country during the said period;

(c) whether the FDI has adversely affected the viability of domestic small scale industries in the country; and

(d) if so, the details thereof along with the corrective steps taken by the Government in this regard?

Answer given by the minister

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THE MINISTER OF STATE (INDEPENDENT CHARGE)
OF THE MINISTRY OF COMMERCE & INDUSTRY
(SHRIMATI NIRMALA SITHARAMAN)

(a): Data on FDI is available only for equity inflow RBI’s Regional Office-wise, Sector-wise and Remittance-wise. The region-wise & sector-wise details are at Annexure – I & II respectively. The data on remittance wise investment, which inter-alia includes the name of the company is very voluminous and is available at the Departmental website (www.dipp.nic.in).

(b): Percentage of the capital investment by foreign companies out of the total investment made in food processing industries in the country is not centrally maintained.

(c)&(d): No such assessment has been made. However, FDI complement and supplement domestic investment. Domestic companies are benefited through FDI by way of enhanced access to supplementary capital and state-of-art-technologies; exposure to global managerial practices resulting into employment generation and accelerated growth of the sector.

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