(a) whether the Government have prepared any priority list of industries for FDI;
(b) if so, the priority-wise list of such industries; and
(c) the criteria followed by the Government while fixing priority of the above said list of industries?
(a) whether the Government have prepared any priority list of industries for FDI;
(b) if so, the priority-wise list of such industries; and
(c) the criteria followed by the Government while fixing priority of the above said list of industries?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (DR. RAMAN SINGH)
(a) to (c) : In 1991, when the Industrial Policy was liberalized, 35 high priority industries were opened to FDI on the automatic route. Subsequently, as a result of progressive liberalization, FDI up to 100% has been permitted in most sectors on the automatic route. At present, while there is no formal list of priority industries any more, FDI in manufacturing, infrastructure, information technology and food processing industries is being specially encouraged.