Lok Sabha Question No. 2814 (UNSTARRED), answered on 2017-03-20
Subject: Chinese Investment under Make in India
Ministry: COMMERCE AND INDUSTRY
Asked by: KIRRON KHER

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION

## LOK SABHA

UNSTARRED QUESTION NO. 2814. TO BE ANSWERED ON MONDAY, THE  20 TH  MARCH, 2017.

## CHINESE INVESTMENT UNDER MAKE IN INDIA

## 2814.  SHRIMATI KIRRON KHER:

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

## वाणिज् यवव द्यग ं ्री

- (a) whether Make in India projects have procured investments from China;
- (b) if so, the details thereof;
- (c) whether the talks with China on setting up of Industrial Parks have made any progress; and
- (d) if so, the details thereof including the progress made so far?

## 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) & (b): Yes, Madam.  Chinese   companies have shown significant interest to invest in India in a wide range of sectors since the launch of Make in India  campaign.    As  per  data  maintained  by  DIPP/RBI,  between April,  2000  and  December,  2016,  cumulative  FDI  inflows  from  China were INR 9,933.87 crores. Of the cumulative FDI equity inflows, 77.9% have been received since 2014 as detailed below  :-
- (c) & (d): Yes, Madam.

2014-2015 :

INR 3,066.24 Crores

2015-2016 :

INR 2,975.14 Crores

2016-2017(till December,2016) :

INR 1,696.96 Crores

An MoU between the Ministry of Commerce of the People's Republic of China and Ministry of Commerce & Industry of India has been signed on cooperation on Industrial Parks in India on 30 th June,2014 in Beijing.

Pursuant  thereto,  Joint Working  Group  (JWG) of  the  Indian  side  was constituted on 16 th July, 2014 to act as the nodal point to identify and agree upon the detailed modalities for implementing cooperation under the said agreement, and to periodically review progress.   Three JWG meetings have so far been held. The last meeting of JWG was held on 2.11.2016  at  Beijing,  China.    It  was  decided  during  the  meeting  that both sides will encourage all stakeholders to expedite the implementation for which all necessary facilitation would be provided. Following  MoUs  have  so  far  been  signed  between  Indian  State Government  Agencies  and  Chinese  Investors  for  development  of Industrial Parks in States :a. MoU between Maharashtra Industrial Development Corporation (MIDC), Govt. of Maharashtra and Beiqi Foton Motors, China for Auto Industrial Park in Pune; b. MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat  and  China  Development  Bank  Corporation  (CDB), China  for  supporting  the  setting  up  of  Industrial  Parks in Gujarat; c. MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat  and  China  Small  and  Medium  Enterprises  (Chengdu) Investment  Limited  (CSME)  to  set  up  multi-purpose  Chinese Industrial Park in Gujarat; d. MoU between HSIIDC, Govt. of Haryana and  Dalian Wanda Group  for  development  of  an  integrated  Entertainment  Parkcum-Industrial township in Haryana; MoU between HSIIDC, Govt. of Haryana and  China Fortune Land  Development  (CFLD)  for  development  of  an  Industrial

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- e. Park in Haryana.