Lok Sabha Question No. 3806 (UNSTARRED), answered on 2018-03-19
Subject: Investment by NRIs
Ministry: COMMERCE AND INDUSTRY
Asked by: RAMESH POKHRIYAL NISHANK, MANSHANKAR NINAMA

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION

## LOK SABHA

## UNSTARRED QUESTION NO. 3806. TO BE ANSWERED ON MONDAY, THE 19 TH  MARCH, 2018.

## INVESTMENT BY NRIs

## 3806.  DR. RAMESH POKHRIYAL 'NISHANK': SHRI MANSHANKAR NINAMA:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज् यवव द्योग म त्री

- (a) the amount invested by the non-resident Indians in the country during each of the last four years, State/UT-wise;
- (b) the impact of the said investment on the targeted areas;
- (c) whether the Government proposes to encourage such type of investment in other hilly,  inaccessible,  tribal  areas  of  the  country  including  Uttarakhand,  Uttar Pradesh and Rajasthan; and
- (d)
- if so, the details thereof and if not, the reasons therefor?

## ANSWER

## वाणिज् यवव द्योग म त्रालयमेंराज् यम त्री(श्री सी.आर.चौधरी) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI C.R. CHAUDHARY)

- (a) & (b): Data on Foreign Direct Investment (FDI), pertaining to the investment by non-resident  Indians  (NRIs)  through  issue  of  capital  instruments,  statewise/UT-wise, for the last four financial  years  and  the  current  year  is  at Annexure-I.  The  investor  type-wise  or  state-wise  classification  for  FDI through  transfer  of  capital  instruments  is  not  centrally  maintained.  Data pertaining to the investment by NRIs on stock exchanges, for the last four years  and  the  current year is  at  Annexure-II.  However,  State-wise classification for this data is not centrally maintained. No study has been undertaken  by  the  Government  on  the  impact  of  such  investment  in targeted areas.
- (c) & (d): The  extant  FDI  policy  provides  some  of  the  special  dispensations  for investment  by  NRIs  such  as,  investments  made  by  NRIs,  Persons  of Indian Origin (PIOs) and Overseas Citizen of India (OCIs) under Schedule 4  of  FEMA  (Transfer  or  Issue  of  Security  by  Persons  Resident  Outside India)  Regulations  on  non-repatriation  basis  is  deemed  to  be  domestic investment  at  par  with  the  investment  made  by  residents.  The  special dispensation of NRIs is also available to companies, trusts and partnership firms, which are incorporated outside India and are owned and controlled  by  NRIs.  Such  provisions  for  NRIs  are  applicable  across  the country  including  for  the  States  of  Uttarakhand,  Uttar  Pradesh  and Rajasthan.  These  dispensations  are  provided  with  a  view  to  encourage investments from NRIs resulting into larger FDI inflows across the country.

******

ANNEXURE-I ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA

UNSTARRED QUESTION NO. 3806 FOR ANSWER ON 19 th  MARCH, 2018.

| State-wise/ UT wise FDI data on investment by NRIs : 2013-14   | State-wise/ UT wise FDI data on investment by NRIs : 2013-14   | State-wise/ UT wise FDI data on investment by NRIs : 2013-14   | State-wise/ UT wise FDI data on investment by NRIs : 2013-14   |
|----------------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------|
|                                                                | Auto                                                           |                                                                | amounts in Rs.                                                 |
| Andhra Pradesh                                                 | 77,40,73,156.44                                                | 0.00                                                           | 77,40,73,156.44                                                |
| Goa                                                            | 1,00,54,000.00                                                 | 0.00                                                           | 1,00,54,000.00                                                 |
| Gujarat                                                        | 26,29,55,627.68                                                | 0.00                                                           | 26,29,55,627.68                                                |
| Karnataka                                                      | 2,04,62,69,781.40                                              | 0.00                                                           | 2,04,62,69,781.40                                              |
| Kerala                                                         | 64,60,66,342.00                                                | 0.00                                                           | 64,60,66,342.00                                                |
| Madhya Pradesh                                                 | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| NCT                                                            | 1,03,59,64,656.20                                              | 1,95,81,300.00                                                 | 1,05,55,45,956.20                                              |
| Rajasthan                                                      | 83,83,090.00                                                   | 0.00                                                           | 83,83,090.00                                                   |
| Tamil nadu                                                     | 89,62,05,141.49                                                | 0.00                                                           | 89,62,05,141.49                                                |
| West bengal                                                    | 1,90,89,200.00                                                 | 0.00                                                           | 1,90,89,200.00                                                 |
| Chandigarh                                                     | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Chattisgarh                                                    | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Haryana                                                        | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Himachal Pradesh                                               | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Maharashtra                                                    | 94,00,90,049.30                                                | 1,72,80,000.00                                                 | 95,73,70,049.30                                                |
| Punjab                                                         | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Telangana                                                      | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Uttar Pradesh                                                  | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Daman and Diu                                                  | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Uttarakhand                                                    | 0.00                                                           | 0.00                                                           | 0.00                                                           |
| Odisha                                                         | 0.00                                                           | 0.00                                                           | 0.00                                                           |

*******

ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 3806 FOR ANSWER ON 19 th  MARCH, 2018.

State-wise/ UT wise FDI data on investment by NRIs : 2014-15

|                  | Auto              | Govt            | Total             |
|------------------|-------------------|-----------------|-------------------|
| Andhra Pradesh   | 18,99,74,547.80   | 0.00            | 18,99,74,547.80   |
| Goa              | 2,37,17,000.00    | 0.00            | 2,37,17,000.00    |
| Gujarat          | 1,90,53,48,967.48 | 9,94,67,842.95  | 2,00,48,16,810.43 |
| Karnataka        | 20,43,77,468.66   | 1,26,95,000.00  | 21,70,72,468.66   |
| Kerala           | 1,95,19,55,806.70 | 75,99,927.00    | 1,95,95,55,733.70 |
| Madhya Pradesh   |                   | 0.00            | 0.00              |
| NCT              | 1,14,20,19,113.36 | 80,14,500.00    | 1,15,00,33,613.36 |
| Rajasthan        | 51,86,33,758.40   | 0.00            | 51,86,33,758.40   |
| Tamil nadu       | 77,11,24,692.30   | 4,91,500.00     | 77,16,16,192.30   |
| West bengal      | 27,12,89,095.00   | 0.00            | 27,12,89,095.00   |
| Chandigarh       | 4,40,30,873.94    | 0.00            | 4,40,30,873.94    |
| Chattisgarh      | 12,67,080.00      | 0.00            | 12,67,080.00      |
| Haryana          | 1,43,13,625.25    | 0.00            | 1,43,13,625.25    |
| Himachal Pradesh | 3,99,63,840.00    | 0.00            | 3,99,63,840.00    |
| Maharashtra      | 1,93,81,77,057.91 | 22,18,74,187.95 | 2,16,00,51,245.86 |
| Punjab           | 10.00             | 0.00            | 10.00             |
| Telangana        | 1,18,79,72,037.28 | 0.00            | 1,18,79,72,037.28 |
| Uttar Pradesh    | 3,18,58,501.00    | 0.00            | 3,18,58,501.00    |
| Daman and Diu    | 0.00              | 0.00            | 0.00              |
| Uttarakhand      | 0.00              | 0.00            | 0.00              |
| Odisha           | 0.00              | 0.00            | 0.00              |

*******

All amounts in Rs.

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 3806 FOR ANSWER ON 19 th  MARCH, 2018.

|                  | Auto              | Govt            | Total             |
|------------------|-------------------|-----------------|-------------------|
| Andhra Pradesh   | 34,72,59,566.40   | 0.00            | 34,72,59,566.40   |
| Goa              | 8,58,710.00       | 0.00            | 8,58,710.00       |
| Gujarat          | 1,41,93,13,455.75 | 5,18,40,700.31  | 1,47,11,54,156.06 |
| Karnataka        | 86,07,14,507.31   | 95,81,302.50    | 87,02,95,809.81   |
| Kerala           | 4,41,89,12,540.20 | 1,90,00,000.00  | 4,43,79,12,540.20 |
| Madhya Pradesh   | 0.00              | 0.00            | 0.00              |
| NCT              | 2,51,80,80,035.84 | 14,23,97,450.00 | 2,66,04,77,485.84 |
| Rajasthan        | 23,01,20,125.00   | 0.00            | 23,01,20,125.00   |
| Tamil nadu       | 28,82,41,730.10   | 0.00            | 28,82,41,730.10   |
| West bengal      | 1,40,06,74,370.00 | 0.00            | 1,40,06,74,370.00 |
| Chandigarh       | 0.00              | 0.00            | 0.00              |
| Chattisgarh      | 0.00              | 0.00            | 0.00              |
| Haryana          | 40,77,87,116.00   | 0.00            | 40,77,87,116.00   |
| Himachal Pradesh | 0.00              | 0.00            | 0.00              |
| Maharashtra      | 1,90,30,95,675.41 | 0.00            | 1,90,30,95,675.41 |
| Punjab           | 4,50,000.00       | 0.00            | 4,50,000.00       |
| Telangana        | 68,28,22,311.66   | 0.00            | 68,28,22,311.66   |
| Uttar Pradesh    | 2,00,81,07,000.00 | 0.00            | 2,00,81,07,000.00 |
| Daman and Diu    | 99,84,400.00      | 0.00            | 99,84,400.00      |
| Uttarakhand      | 83,76,160.00      | 0.00            | 83,76,160.00      |
| Odisha           | 0.00              | 0.00            | 0.00              |

********

ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 3806 FOR ANSWER ON 19 th  MARCH, 2018.

|                  |                   |                | All amounts in Rs.   |
|------------------|-------------------|----------------|----------------------|
| Andhra Pradesh   | 42,73,10,719.05   | 0.00           | 42,73,10,719.05      |
| Goa              | 39,04,600.00      | 0.00           | 39,04,600.00         |
| Gujarat          | 1,58,04,56,358.08 | 0.00           | 1,58,04,56,358.08    |
| Karnataka        | 29,72,54,432.44   | 4,16,39,967.20 | 33,88,94,399.64      |
| Kerala           | 2,60,66,85,760.00 | 0.00           | 2,60,66,85,760.00    |
| Madhya Pradesh   | 1,02,37,400.00    | 0.00           | 1,02,37,400.00       |
| NCT              | 48,35,97,412.96   | 0.00           | 48,35,97,412.96      |
| Rajasthan        | 9,77,27,805.00    | 0.00           | 9,77,27,805.00       |
| Tamil nadu       | 49,68,65,274.31   | 0.00           | 49,68,65,274.31      |
| West bengal      | 3,64,95,200.00    | 0.00           | 3,64,95,200.00       |
| Chandigarh       | 10,00,000.00      | 0.00           | 10,00,000.00         |
| Chattisgarh      | 0.00              | 0.00           | 0.00                 |
| Haryana          | 2,01,19,224.00    | 0.00           | 2,01,19,224.00       |
| Himachal Pradesh | 0.00              | 0.00           | 0.00                 |
| Maharashtra      | 2,77,48,10,482.83 | 0.00           | 2,77,48,10,482.83    |
| Punjab           | 0.00              | 0.00           | 0.00                 |
| Telangana        | 1,27,13,96,619.43 | 4,83,900.00    | 1,27,18,80,519.43    |
| Uttar Pradesh    | 42,00,000.00      | 0.00           | 42,00,000.00         |
| Daman and Diu    | 0.00              | 0.00           | 0.00                 |
| Uttarakhand      | 5,00,00,000.00    | 0.00           | 5,00,00,000.00       |
| Odisha           | 0.00              | 0.00           | 0.00                 |

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 3806 FOR ANSWER ON 19 th  MARCH, 2018.

| State-wise/ UT wise FDI data on investment by NRIs : 2017-18 (upto January, 2018)   | State-wise/ UT wise FDI data on investment by NRIs : 2017-18 (upto January, 2018)   | State-wise/ UT wise FDI data on investment by NRIs : 2017-18 (upto January, 2018)   | State-wise/ UT wise FDI data on investment by NRIs : 2017-18 (upto January, 2018)   |
|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
|                                                                                     | Auto                                                                                | Govt                                                                                | Total                                                                               |
| Andhra Pradesh                                                                      | 8,53,63,646.25                                                                      | 0.00                                                                                | 8,53,63,646.25                                                                      |
| Goa                                                                                 | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Gujarat                                                                             | 7,09,00,475.97                                                                      | 2,13,44,595.65                                                                      | 9,22,45,071.62                                                                      |
| Karnataka                                                                           | 25,87,07,644.14                                                                     | 0.00                                                                                | 25,87,07,644.14                                                                     |
| Kerala                                                                              | 1,81,33,621.44                                                                      | 0.00                                                                                | 1,81,33,621.44                                                                      |
| Madhya Pradesh                                                                      | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| NCT                                                                                 | 6,45,89,380.00                                                                      | 0.00                                                                                | 6,45,89,380.00                                                                      |
| Rajasthan                                                                           | 2,07,99,020.00                                                                      | 0.00                                                                                | 2,07,99,020.00                                                                      |
| Tamil nadu                                                                          | 37,31,45,998.77                                                                     | 25,27,53,000.00                                                                     | 62,58,98,998.77                                                                     |
| West bengal                                                                         | 64,00,000.00                                                                        | 0.00                                                                                | 64,00,000.00                                                                        |
| Chandigarh                                                                          | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Chattisgarh                                                                         | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Haryana                                                                             | 21,00,51,372.92                                                                     | 2,31,71,988.00                                                                      | 23,32,23,360.92                                                                     |
| Himachal Pradesh                                                                    | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Maharashtra                                                                         | 6,59,17,46,729.34                                                                   | 0.00                                                                                | 6,59,17,46,729.34                                                                   |
| Punjab                                                                              | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Telangana                                                                           | 49,52,63,966.00                                                                     | 3,22,06,350.00                                                                      | 52,74,70,316.00                                                                     |
| Uttar Pradesh                                                                       | 9,72,47,566.00                                                                      | 0.00                                                                                | 9,72,47,566.00                                                                      |
| Daman and Diu                                                                       | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Uttarakhand                                                                         | 0.00                                                                                | 0.00                                                                                | 0.00                                                                                |
| Odisha                                                                              | 3,61,36,359.00                                                                      | 0.00                                                                                | 3,61,36,359.00                                                                      |

## ANNEXURE-II

ANNEXURE REFERRED TO IN REPLY TO PARTS (a) & (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 3806 FOR ANSWER ON 19 th  MARCH, 2018.

NRI investments (equity + debt) on stock exchanges

|                             |                      |                      | All amounts in Rs     |
|-----------------------------|----------------------|----------------------|-----------------------|
| Period                      | Purchases            | Sales                | Net position          |
| 2013-14                     | 67,10,20,63,544.31   | 4,74,61,72,65,945.21 | -4,07,51,52,02,400.90 |
| 2014-15                     | 1,26,29,23,41,155.01 | 2,52,33,97,10,386.34 | -1,26,04,73,69,231.33 |
| 2015-16                     | 1,34,06,04,98,313.53 | 65,90,68,00,609.51   | 68,15,36,97,704.02    |
| 2016-17                     | 1,48,89,94,01,002.43 | 1,02,45,29,85,472.76 | 46,44,64,15,529.67    |
| 2017-18 (till january 2018) | 1,58,12,07,31,729.68 | 87,78,97,72,863.38   | 70,33,09,58,866.29    |

Source:LEC (NRI) Statements sent to RBI by Custodian banks