India receives $22 million FDI from China in software, electronics sector
The Dollar Business Bureau India has received $22.47 million foreign direct investment (FDI) from China in its computer software, electronics and telecommunications sectors between April 2000 and September 2016, Parliament was informed on Wednesday. "As per the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, the total FDI inflows from April 2000 to September 2016 in computer software, electronics and telecommunications sectors from China is of the order of $22.47 million," MoS for Electronics and Information Technology P P Chaudhary said in a written reply to the Lok Sabha. Chaudhary said India received $12.92 million FDI into computer software and hardware from China, while investments in electronics and telecommunications stood at $8.37 million and $1.18 million from the country. Replying ...
