Agreement on FDI

Foreign Direct Investment (FDI) in India is governed by the FDI Policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA), 1999. Details of inflow of FDI during each of the last three years and current year is available on the website of Department of Industrial Policy & Promotion (www.dipp.nic.in →Publications → FDI Statistics).

Under the Automatic Route, the foreign investor of the Indian company does not require any approval from the Reserve Bank of India or the Government of India for the investment. Under the Government Route, prior approval of the Government of India is required. Proposals for the foreign investment under Government route are considered by Foreign Investment Promotion Board (FIPB).

The sector wise details of the proposals approved by FIPB in the past three years is available on the website of Foreign Investment Promotion Board (www.fipbindia.com → Approved Cases → All approved cases). The details of the proposals under consideration are at https://finminapp.nic.in/fipbweb/Fipbwebreports/webpage.asp.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha.