Question : FDI Inflows

(a) the details of the Foreign Direct Investment (FDI) received in the country during each of the last three years and the current year, sector-wise and State/UTwise including Assam;

(b) the details of the pending FDI proposals at present and the time by which these are likely to be cleared, sector/Ministry-wise;

(c) whether the Union Government cannot reject FDI proposal or add conditions other than those prescribed in the FDI Policy without consulting Department of Industrial Policy and Promotion and if so, the details thereof;

(d) whether country specific modules are being prepared with special focus to middle run companies and if so, the details thereof; and

(e) the other steps being taken by the Government to boost the FDI inflows?

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

(a) Sector-wise and State/UT-wise classification of the total FDI inflow is not maintained. However, sector-wise & region-wise (One RBI regional office may have one or more states) details of FDI equity inflow received during the last three years and the current financial year, as maintained, are at Annexure-I & II respectively.
(b): Concerned Administrative Ministry / Department is required to process the proposal for decision and convey the same to the applicant not later than eight weeks (ten weeks in cases where comments of Ministry of Home Affairs have been sought from security clearance point of view). Details of the pending FDI proposals as on 15.11.2017 are at Annexure –III.

(c): Yes Madam. Where the concerned Administrative Ministry / Department proposes to reject the proposals or in cases where conditions for approval are stipulated in addition to the conditions laid down in the FDI policy or sectoral laws/regulations, concurrence of Department of Industrial Policy & Promotion has to be compulsorily sought.

(d)&(e): To promote FDI inflow in the country, the Government has put in place an investor-friendly policy, wherein except for a small negative list, most sectors are open for 100% FDI under the Automatic route. Further, to ensure that India remains attractive & investor friendly destination, feedback is taken from stakeholders including Ministries/ Departments concerned, apex industry chambers and other organizations. Government has also 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. Several fast-track mechanisms dedicated to specific country have been started to follow up on issues faced by companies, including handholding investors from small and medium business segment and expedite the investment in the country. 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. Invest India also has special desks to promote and facilitate country-specific investments in India.

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