(a) the total foreign capital investments in various States
during the last two years, State-wise;
(b)whether the investment of foreign capital in certain States has been negligible;
(c)whether this unequal foreign economic capital investment will
lead to imbalance among the States; and
(d)if so, the corrective measures being taken by the Government in this regard?
Finance Minister (Shri Jaswant Singh)
(a) to (d): A Statement is laid on the Table of the House.
Statement referred to in reply to the Starred Question No.589 for 2-5-2003
(a)&(b):Data regarding foreign investments in various States
from 1-1-2001 to 31-12-2002, are at Annexe to this statement.
(c)&(d):The main factor contributing to FDI concentration
in certain States is the overall investment climate that
they provide. Government has put in place a liberal FDI
Policy and most of the sectors have been placed under the
automatic route except for a small negative list.
The location of investment is determined entirely by the
commercial judgement of the investor.
The recommendations of the Committee on Reforming Investment
Approval and Implementation Procedures, which include measures
to facilitate greater investment flows, have been accepted
by the Government.
Annexe
YEAR WISE/STATE-WISE FDI INFLOW FROM 01-01-2001 TO 31-12-2002
(AMOUNT RUPEES IN CRORE)
Sl.No. State Name Amount of FDI inflows
2001 2002 (Jan.-Dec.) (Jan.-Dec.)
1 Andhra Pradesh 339.80 288.81 2 Assam 0.00 5.58 3 Gujarat 109.41 288.42 4 Haryana 0.00 0.00 5 Karnataka 1310.36 892.90 6 Kerala 69.89 54.86 7 Madhya Pradesh 9.73 9.17 8 Maharashtra 2991.73 4865.73 9 Rajasthan 6.67 1.06 10 Tamil Nadu 742.70 1341.22 11 West Bengal 66.84 132.21 12 Chandigarh 4.01 842.55 13 Delhi 6918.31 2994.28 14 Goa 10.92 146.79 15 Pondicherry 299.26 0.00 16 Others
(State Not indicated) 2962.27 4259.77
Grand Total 15841.90 16123.35