| NO
targets are fixed for FDI inflows, nor is an assessment of future
inflows possible, as FDI is largely a matter of private business
decisions.
Data
on NRI Investment is not maintained separately by the Reserve Bank of
India (RBI). However the data on FDI inflows, including investment from
Non Resident Indians, as reported by RBI, for the last three years and
current year is at Annexure.
Non
Resident Indians (NRIs) can make investment in India, under various
schedules of the Foreign Exchange Management (Issue or Transfer of
Security by a Person Resident outside India) Regulations, 2000, as
amended from time to time. Investment under the Foreign Direct
Investment (FDI) Scheme allows special dispensation for NRI investments
in the sector of townships, housing, built-up infrastructure and
construction-development projects (which include, but are not restricted
to, housing, commercial premises, hotels, resorts, hospitals,
educational institutions, recreational facilities, city and regional
level infrastructure), without the performance linked conditionalities
attached to FDI in such projects. It also allows a special dispensation
for NRI investments in the sectors of Scheduled Air Transport
Services/Domestic Scheduled Passenger Airlines, Non-Scheduled Air
Transport Services and Ground Handling Services, wherein NRI investment,
up to 100%, is permitted, under the automatic route. NRIs can also make
investment under the Portfolio Investment Scheme and under a scheme for
non-repatriable investments. Besides the above, NRIs are permitted to
invest in Government dated securities / Treasury bills, units of
domestic mutual funds, bonds issued by a public sector undertaking (PSU)
in India etc. without limits.
The
Government reviews the FDI policy on an ongoing basis, to ensure that
India remains an attractive & investor friendly destination. In a
recent review of the policy government has approved amendment of the
sectoral caps and/or entry routes in some sectors viz. petroleum &
natural gas; commodity exchanges; power exchanges; stock exchanges,
depositories and clearing corporations; asset reconstruction companies;
credit information companies; tea sector including tea plantations;
single brand product retail trading; test marketing; telecom services;
courier services and defence. The said liberalization measures would
also be applicable to NRI investors.
ANNEXURE REFERRED TO IN REPLY TO LOK SABHA UNSTARRED QUESTION NO. 2760 FOR ANSWER ON 26 TH AUGUST, 2013.
FINANCIAL
YEAR WISE FDI EQUITY INFLOWS FROM APRIL 2010 TO JUNE 2013
|
Sl No
|
Year (Apr-Mar)
|
FDI (Rscrore)
|
FDI (US$ million)
|
|
1
|
2010-11
|
97,320.39
|
21,383.05
|
|
2
|
2011-12
|
165,145.53
|
35,120.80
|
|
3
|
2012-13
|
121,906.73
|
22,423.58
|
|
4
|
2013-14 (Apr-Jun)
|
30,028.99
|
5,396.65
|
| Grand Total |
414,401.64
|
84,324.08
|
Note
: Amount includes the Inflows received through SIA/FIPB route,
acquisition of existing shares and RBI`s automatic route only.
The information was given by the Union Minister of Commerce and Industry, Mr
Anand Sharma in a written reply in Lok Sabha today.
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