Foreign Investment under 'MAKE IN INDIA' Programme

The `Make in India’ initiative was launched in September, 2014 with the aims of promoting India as an important investment destination and a global hub for manufacturing, design, and innovation. Thereafter, during the period October, 2014 to May, 2016, the FDI equity inflow has increased by 46%, i.e. from US$ 42.31 billion to US$ 61.58 billion in comparison to previous 20 months (February, 2013 to September,

2014). FDI inflow has also increased by 37% from US$ 62.39 billion to US$ 85.75 billion. India has been ranked 3rd in the list of top prospective host economies for 2016-18 in the World Investment Report (WIR) 2016 of UNCTAD.

            To further boost the entire investment environment and to bring in foreign investments in the country, the Government is taking various measures like opening up FDI in many sectors; carrying out FDI related reforms and liberalization and improving ease of doing business in the country. Steps are being taken for development of support infrastructure to facilitate setting up of industries such as transport infrastructure, utility infrastructure etc. The Department of Industrial Policy and Promotion has advised Ministries and State Governments to simplify and rationalize the regulatory environment through business process reengineering and use of information technology.

            Company wise classification of the investment based on the programme is not maintained centrally. However, sector-wise details of investment received through Foreign Direct Investment (FDI) equity inflows after launch of `Make in India’ programme in September, 2014, are at Annexure-I.

            Year wise details of the increase in FDI inflow during the last three financial years are as follows:

Sl.No.
Financial Year
Total FDI inflow (in US$ billion)
Growth
1
2013-14
36.05
5%^
2
2014-15
45.15
25%
3
2015-16
55.46
 23%
         
All figures are provisional subject to reconciliation with RBI.
            ^ Compared with figures of Financial Year 2012-13 i.e. US$ 34.30 billion.


This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.