Lok Sabha Question No. 4004 (UNSTARRED), answered on 2017-03-27
Subject: FDI from China
Ministry: COMMERCE AND INDUSTRY
Asked by: JYOTIRADITYA MADHAVRAO SCINDIA

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION

## LOK SABHA

UNSTARRED QUESTION NO.4004. TO BE ANSWERED ON MONDAY, THE  27 TH  MARCH, 2017.

## FDI FROM CHINA

## 4004. SHRI JYOTIRADITYA M. SCINDIA:

Will the Minister of COMMERCE AND INDUSTRY वाणिज् यवव द्यग ं ्री

be pleased to state:

- (a) what is the value of FDI received by India from China during the last one year;
- (b) whether there has been any progress being made based on the MoUs and agreements signed between India and China during the said period; and
- (c) if so, the details thereof?

## ANSWER

## वाणिज् यवव द्यग ााज् यं ्रीस् वतं ््रभााा(स्रींतंरीिरंमलााीरीतंाांि( THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF COMMERCE & INDUSTRY (SHRIMATI NIRMALA SITHARAMAN)

- (a): Data on FDI is available only for equity inflow. The value of FDI equity inflow  received  from  China  during  the  last  Financial  Year  2015-16  is US$ 461.40 million.
- (b) & (c): The details on the progress made based on the MoUs and agreements signed between India and China are at Annexure.

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## ANNEXURE  REFERRED  TO  IN  REPLY  TO  PARTS  (b)  &  (c)  OF  THE  LOK  SABHA UNSTARRED QUESTION NO. 4004 FOR ANSWER ON 27 TH  MARCH, 2017.

-  The  Ministry  of  Commerce  and  Industry  of  the  Republic  of  India  and  the  Ministry  of Commerce  of  the People's Republic of China had signed  a  Memorandum  of Understanding (MoU) on 30.06.2014 on cooperation for developing industrial parks in India.
-  In pursuance to the MoU, a Joint Working Group (JWG) under the co-chairpersonship of Joint  Secretary,  Department  of  Industrial  Policy  &  Promotion  in  charge  of  China  has been  constituted  for  implementing  cooperation  under  the  said  agreement,  and  to periodically review the progress.
-  Three meetings of the Joint Working Group have been held so far. The 3 rd JWG meeting was held on 2/11/2016 in Beijing, China. It was decided that both sides will encourage all stakeholders to expedite the implementation for which all necessary facilitation would be provided.
-  In  pursuance  of  the  umbrella  MoU  signed  on  30/06/2014,  following  MoUs  have  been signed  by  State  Government  Agencies  and the  Chinese  investors  for  development of Industrial Parks in States :

## (a) HARYANA:

- i. Haryana  State Industrial Infrastructure Development  Corporation (HSIIDC), Government  of  Haryana  has  entered  into  an  MoU  with  Dalian  Wanda  Group, China  for development  of an integrated Entertainment Park-cum-Industrial township at Kharkhoda, in Haryana. M/s Wanda has submitted a Project proposal under Swiss Challenge model, which is based on creation of infrastructure as a Joint Venture of Wanda and HSIIDC and to be implemented through a SPV.
- ii. Another MoU has been signed by HSIIDC with China Fortune Land Development Company  (CFLD),  China  for  joint  development  of  integrated  Industrial  Model Township at IMT, Sohna.

## (b) MAHARASHTRA:

- i. Department  of  Industries,  Energy  &  Labour,  Government  of  Maharashtra  has been signed an MoU with Beiqi Foton Motors, China for setting up an Automobile Industrial Park near Pune. The park is to be completed in 12 years at 3 stages with proposed investment of US$ 5 billion.  Presently, the project is at the stage of site selection.

## (c) GUJARAT:

- i. An  MoU  has  been  signed  between  Industrial  Extension  Bureau  (iNDEXTb), Government of Gujarat and China Development Bank Corporation (CDB), China for supporting the setting up of an Industrial Park in Gujarat.
- ii. Another MoU has been signed between Industrial Extension Bureau (iNDEXTb), Government  of  Gujarat  and  China  Small  and  Medium  Enterprises  (Chengdu) Investment  Limited  (CSME),  China  to  set-up  multi-purpose  Chinese  Industrial Park in Gujarat. 125 acre of land has already been procured and procurement of another  125  acre  land  is  expected  to  be  completed  by  May,  2017.    The construction work is likely to be started by July, 2017.  CSME has signed MoU with 17 companies to put up their manufacturing units in the proposed industrial park.

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