(a) whether projects have come up as per the agreements made with various States under the sanctioned
Foreign Direct Investment (FDI);
(b) if so, the details thereof alongwith reasons for delay, if any, in starting the projects and violation
of agreements;
(c) whether the actual FDI inflow is less than the sanctioned FDI during the last three years; and
(d) if so, the details thereof?
MINISTER OF THE STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI ANAND SHARMA)
(a) to (d): A Statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO LOK SABHA STARRED QUESTION NO. 473 TO BE ANSWERED ON 13th DECEMBER, 2010
REGARDING FDI ROJECTS.
(a): Under the extant policy on Foreign Direct Investment (FDI), FDI can be brought into India either through
the automatic route or the Government approval route. Most of the sectors/activities are open to FDI under
the automatic route and there is only a limited list of sectors in which FDI is allowed with prior approval
of the Government. FDI in sectors/activities, to the extent permitted under the automatic route, does not
require any prior approval by the Government. For FDI requiring prior approval of the Government, the Foreign
Investment Promotion Board (FIPB) considers applications and makes recommendations to the Government for
approval. The procedure for according approvals for Foreign Direct Investment does not involve agreements
with State Governments.
(b): Does not arise.
(c) & (d): Details of total FDI equity inflows and FDI approved through the FIPB Route, are as under:
(in US $ million)
Year Total FDI Equity Inflows FDI Approved through through both automatic the FIPB Route and FIPB routes
2007-08 24,575 4,297
2008-09 27,331 9,580
2009-10 25,834 1,828
2010-11 11,005# 881##