India attracts USD 209 billion FDI during Apr 2014 to December 2017

By: |
New Delhi | Published: March 12, 2018 10:01 PM

Foreign direct investment has increased "steadily" in the country with total capital inflows reaching USD 208.99 billion during April 2014 to December 2017 period, a Union minister said today.

Foreign direct investment, FDI, export oriented units, Kandla SEZ, Minister of State for Commerce and Industry , C R ChaudharyThe main sectors that received maximum foreign inflows include services, computer software and hardware, telecommunications, construction, trading and automobile. (Reuters)

Foreign direct investment has increased “steadily” in the country with total capital inflows reaching $208.99 billion during April 2014 to December 2017 period, a Union minister said today. The main sectors that received maximum foreign inflows include services, computer software and hardware, telecommunications, construction, trading and automobile. “A total FDI of USD 208.99 billion from April 2014 to December 2017 has been received,” Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Lok Sabha.

In a separate reply, he said the number of functional export oriented units (EOU) has reduced to 2,197 so far in 2017-18 from 2,239 in 2016-17. The number of functional units in 2015-16 was 2,269 and 2,293 in the previous fiscal, he added. “On the recommendations of the Public Accounts Committee…a committee under the development commissioner Kandla SEZ (special economic zone) has been constituted on February 6 to identify the shortcomings of EOU scheme.

The committee would also conduct a comparative study of the benefits accrued to SEZ units and EOUs to find out the reasons for shifting of export oriented units to special economic zone sector and suggest remedial actions.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Atma Nirbhar Bharat package: Finance Ministry writes to states on additional 2 per cent borrowing of their projected GSDP
2US remains India’s top trading partner in 2019-20
3Patchy unlocking: After uptick in economic activity and public mobility, growth beginning to plateau