News Details

( 13 Mar 2018)
FDI increased steadily during Apr 2014 to Dec 2017: Min

A Union Minister has said that 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.

As per reports, 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 CR Chaudhary 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,” he further said.