GoI receives 170 FDI proposals in 2015 till date

GoI receives 170 FDI proposals in 2015 till date

In the light of the importance of foreign direct investments for economic growth and development, the government announced key FDI reforms in the defence and railways sectors

Source: PIB, Government of India

Review of Foreign Direct Investment (FDI) policy is an ongoing process. Significant changes are made in the FDI policy regime from time to time to ensure that India remains increasingly attractive and investor-friendly. Minister of Commerce & Industry, Nirmala Sitharaman, in a written reply to Lok Sabha today, gave details of the proposals for Foreign Direct Investment (FDI) received during the last three years and the current year.  

Year No. of fresh proposals received*
2012 218
2013 219
2014 150
2015 170

 The details of the proposals approved/ rejected during the last year and the current year are as under:

Year Proposals approved* Proposals rejected
2012 199 80
2013 198 33
2014 225 40
2015 (till date) 85 31

Top 10 country-wise FDI equity inflows and top 10 sector-wise FDI equity inflows from April 2012 to May 2015 are as below: STATEMENT ON TOP 10 COUNTRY-WISE FDI EQUITY INFLOWS FROM APRIL 2012 TO MAY 2015 (Amount in US$ million)

S.No Name of the Country Amount of Foreign Direct Investment Inflows %age with Inflows
1 Mauritius 25,072.06 29.46
2 Singapore 17,936.59 21.08
3 Netherlands 8,148.82 9.57
4 Japan 6,333.99 7.44
5 United Kingdom 5,796.28 6.81
6 U.S.A 3,738.66 4.39
7 Germany 3,534.23 4.15
8 France 1,680.22 1.97
9 Cyprus 1,665.74 1.96
10 Switzerland 1,014.62 1.19

  STATEMENT ON TOP 10 SECTOR-WISE FDI EQUITY INFLOWS From APRIL 2012 TO MAY 2015 (Amount in US$ million)

S.No Sector Amount of FDI Inflows %age of Total Inflows
1 SERVICES SECTOR (Fin.,Banking,Insurance,Non Fin/Business,Outsourcing,R&D,Courier,Tech. Testing and Analysis, Other) 10,800.73 12.69
2 AUTOMOBILE INDUSTRY 6,631.92 7.79
3 COMPUTER SOFTWARE & HARDWARE 6,085.56 7.15
4 TRADING 5,485.99 6.45
5 FOOD PROCESSING INDUSTRIES 4,960.22 5.83
6 TELECOMMUNICATIONS 4,869.59 5.72
7 HOTEL & TOURISM 4,701.79 5.52
8 DRUGS & PHARMACEUTICALS 4,084.82 4.80
9 CONSTRUCTION DEVELOPMENT: Townships, housing, built-up infrastructure and construction-development projects 3,318.32 3.90
10 METALLURGICAL INDUSTRIES 2,579.69 3.03

     

July 24, 2015 | 7:51 pm IST.

The Dollar Business Bureau - Jul 24, 2015 12:00 IST