The Government has put in place an investor
friendly Foreign Direct Investment (FDI) policy, under which FDI, up to 100%,
is permitted, on the automatic route, in most sectors/activities. FDI policy is
reviewed on an ongoing basis, with a view to making it more investor friendly.
Significant changes in the FDI policy regime have been made in the recent past,
to provide further openings for Foreign Direct Investment in India.
As per extant FDI policy, FDI upto 26% is permitted in the
defence sector with prior Government approval.
FDI upto 100% is permitted in warehousing and food storage facilities on
automatic route. There is no proposal under consideration to amend the policy.
FDI equity inflows from April 2009 to February 2013 in
Warehousing sector (including Food grains storage)
are as under:
|
Sl No
|
Year (Apr-Mar)
|
FDI (Rs
crore)
|
FDI (US$
million)
|
|
1
|
2009-10
|
6.82
|
1.41
|
|
2
|
2010-11
|
45.82
|
10.15
|
|
3
|
2011-12
|
830.99
|
170.08
|
|
4
|
2012-13 (Apr-Feb)
|
254.64
|
46.68
|
FDI equity inflows from April 2009 to February 2013 in
Defence sector are as under:
|
Sl No
|
Year (Apr-Mar)
|
FDI (Rs
crore)
|
FDI (US$
million)
|
|
1
|
2009-10
|
0.00
|
0.00
|
|
2
|
2010-11
|
0.00
|
0.00
|
|
3
|
2011-12
|
17.44
|
3.66
|
|
4
|
2012-13 (Apr-Feb)
|
2.21
|
0.41
|
It is envisaged that the conditionalities built into the
policy on FDI in multi brand retail trading would encourage agro-processing
industries on account, inter-alia, of the large amount of capital infusion
mandated in backend infrastructure including in processing, storage,
warehousing and agriculture market produce infrastructure, etc. In addition to this, there are sector
specific policies to encourage agro-processing industries. Small and medium enterprises could also
participate in the setting up of backend infrastructure including logistics and
cold storage chains.
This information
was given by the Union Minister for Commerce and Industry, Shri
Anand Sharma in a written reply in the Lok Sabha today.
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DS/RK