India attracts $209 bn FDI during April 2014-December 2017 period
- Source: dnaindia
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.
The main sectors that received
maximum foreign inflows include services, computer software and
hardware, telecommunications, construction, trading and automobile.
As opposition BJP opposed 100% FDI
in retail, says Yashwant Sinha
"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.
After a record year, FDI dries up
"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.