Target of FDI Inflow

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

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

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 Shri Anand Sharma in a written reply in Lok Sabha today.