GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 1054
TO BE ANSWERED ON FRIDAY, THE 22ND JULY, 2016
ASHADHA 31, 1938 (SAKA)
Investment by Foreign Investors
1054. SHRI RAM KUMAR SHARMA:
SHRI JANARDAN SINGH SIGRIWAL:
Will the Minister of FINANCE be pleased to state:
(a) whether any assessment has been made of sectors which have been benefited largely through Foreign Direct Investment (FDI), if so, the sector-wise route and channel-wise break-ups thereof for each of the last three years and the current year;
(b) whether the Government has allowed automatic approval route to FDI in Defence, Pharmaceutical, Aviation, Food retailing, Broadcast sector in the country;
(c) if so, the details of proposals cleared so far and amount of interest flowed into the country during the same period; and
(d) the measures taken or proposed to be taken in the matter?
ANSWER
Minister of State in the Ministry of Finance (SHRIARJUN RAM MEGHWAL)
(a) FDI data on sector wise,which manifests sectors attracting higher FDI, is available on the web site of Department of Industrial Policy & Promotion (DIPP) – www.dipp.gov.in. The statement on FDI equity inflows route /channel wise - on automatic route and approval route is as below:
(Amount in US $ million, in round figure)
Sl. No. Financial Year RBI Automatic route Approval route Total
1. 2013-14 23,114 1,185 24,299
2. 2014-15 28,712 2,219 30,931
3. 2015-16 36,427 3,574 40,001
4. 2016-17 ( up to May, 2016) 4,763 582 5,345
(b) and (d) The Government reviews Foreign Direct Investment (FDI) policy from time to time, and significant changes are made in the FDI policy on different sectors to ensure that India remains increasingly attractive and investor-friendly investment destination. Recently, the Government has amended entry routes and/or FDI caps in various sectors including Defence, Pharmaceutical, Aviation, Food retailing, Broadcast sector through the Press Note No. 5 (2016 Series) dated June 24, 2016, which is available on the web site www.dipp.gov.in ->Acts and Rules ->Press Notes/FDI Circular.
(c) FDI equity inflows on financial year wise (April to March) for each of the last three years and the current year in Defence,Pharmaceutical, Aviation, Broadcast sector are as below:
(In US $ million)
Sl.
No. Sector 2013-14 2014-15 2015-16 2016-17 (up to May 2016)
1. Defence Industries 0.82 0.08 0.10 0.00
2. Drugs and Pharmaceuticals 1,279.34 1,497.74 754.26 452.86
3. Air Transport (Including Air Freight) 45.95 74.56 361.25 5.65
4. Information & Broadcasting (including print media) 428.52 254.96 1,009.34 39.20
5.* Retail Trading 11.30 168.72 262.24 7.94
* Data on Food retailing is not separately captured
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