Lok Sabha Question No. 3973 (UNSTARRED), answered on 2017-03-27
Subject: Foreign Companies in Steel Sector
Ministry: STEEL
Asked by: CHINTAMAN NAVSHA WANAGA

## LOK SABHA

## UNSTARRED QUESTION NO.3973 FOR ANSWER ON 27/03/2017

## FOREIGN COMPANIES IN STEEL SECTOR

3973.  ADV. CHINTAMAN NAVASHA WANAGA:

Will the Minister of STEEL be pleased to state:

- (a) whether  foreign  companies  are  working  in  Steel  Development  sector  in  the country; and
- (b) if  so,  the  details  thereof  along  with  the  amount  of  investment  in  American dollar made by these companies, company/country-wise?

## ANSWER

THE MINISTER OF STATE FOR STEEL

(SHRI VISHNU DEO SAI)

(a)&(b): Steel is a deregulated sector, Government plays the role of facilitator only. The  questions  of  investment  in  such  sector  are  purely  commercial  decisions  of respective private entities, whether domestic or foreign and hence, no comprehensive data is maintained of investment by private parties of foreign origin. However,  the  data  of  'FDI  equity  inflows  from  April,  2016  to  December,  2016  on sector Ferrous' received from DIPP, Ministry of Commerce is enclosed.

- ********

## STATEMENT ON FINANCIAL YEAR WISE FDI EQUITY INFLOWS FROM APRIL 2000 TO DECEMBER 2016

## Sector FERROUS

| Sl No             |                         | Country 2000-01 Apr-Mar 2001-02 Apr-Mar   | 2002-03 Apr-Mar    | Country 2000-01 Apr-Mar 2001-02 Apr-Mar   | Country 2000-01 Apr-Mar 2001-02 Apr-Mar   | 2003-04 Apr-Mar 2004-05 Apr-Mar   | 2005-06 Apr-Mar       | 2006-07 Apr-Mar    | 2007-08 Apr-Mar 2008-09   | Apr-Mar            | 2009-10 Apr-Mar 2010-11 Apr-Mar   | 2011-12 Apr-Mar                       | 2012-13 Apr-Mar    | 2013-14 Apr-Mar    | 2013-14 Apr-Mar    | 2014-15 Apr-Mar 2015-16 Apr-Mar   | 2016-17                       | Total           |
|-------------------|-------------------------|-------------------------------------------|--------------------|-------------------------------------------|-------------------------------------------|-----------------------------------|-----------------------|--------------------|---------------------------|--------------------|-----------------------------------|---------------------------------------|--------------------|--------------------|--------------------|-----------------------------------|-------------------------------|-----------------|
|                   |                         | FDI in US$ million FDI in US$ million     | FDI in US$ million | FDI in                                    | US$ million                               | FDI in US$ million                | FDI in US$ million in | FDI US$ million in | FDI US$ million           | FDI in US$ million | FDI in US$ million                | FDI in US$ million FDI in US$ million | FDI in US$ million | FDI in US$ million | FDI in US$ million | FDI in US$ million                | Apr-Dec FDI in US$ million in | FDI US$ million |
| 1                 | Australia               | 0.01 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 0.01            |
| 2 Austria         | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.00                                  | 0.00               | 2.79               | 0.00               | 0.00                              | 0.00                          | 2.79            |
| 3 Belgium         | 0.89                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.05               | 0.00                      | 1.05               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 1.99            |
| 4 Canada          | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.32                              | 2.62                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.40                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 3.34            |
| 5 Channel Islands | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.50                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 0.50            |
| 6 China           | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 36.09              | 0.00                              | 0.00                                  | 0.01               | 0.00               | 0.00               | 0.00                              | 0.00                          | 36.10           |
| 7 Cyprus          | 0.00                    | 0.80                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 25.39                     | 0.81               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 27.01           |
| 8 Denmark         | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 2.83                              | 0.02                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 2.86            |
| 9 Chile           |                         | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 4.20               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 4.20            |
| 10                | France                  | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.33               |                                   | 1.47 0.00                             | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 1.81            |
| 11 Germany        |                         | 17.96 0.72                                | 0.23               | 0.00                                      | 0.27                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 19.18           |
| 12                | HongKong                | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.02               | 1.27                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 1.29            |
| 13                | Italy                   | 0.15 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.61                      | 3.05               | 0.00                              | 0.02                                  | 0.03               | 0.00               | 0.00               | 0.00                              | 0.00                          | 3.87            |
| 14                | Japan                   | 0.00 0.00                                 | 0.21               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.09               | 69.76                             | 1,060.26                              | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 1,130.31        |
| 15                | South Korea             | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.71                  | 0.00               | 7.56                      | 0.00               | 52.87                             | 6.79                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 67.92           |
| 16 Malaysia       |                         | 0.00 0.03                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 2.52                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 2.56            |
| 17                | Mauritius               | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 1.53                              | 24.30                 | 0.00               | 27.35                     | 14.51              | 396.53                            | 46.44                                 | 233.49             | 3.60               | 0.00               | 0.00                              | 0.00                          | 747.74          |
| 18                | NRI ***                 | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               |                           | 2.70               | 0.00                              | 0.00 0.00                             | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 2.70            |
| 19 Netherlands    | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 4.87                      | 0.00               | 0.11                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 4.98            |
| 20 Poland         | 0.00                    | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.01                      | 0.00               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 0.01            |
| 21 Singapore      |                         | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 6.74               | 0.32                              | 0.00                                  | 0.00               | 0.00               | 3.45               | 0.00                              | 0.00                          | 10.51           |
| 22 South          | Africa 0.00             | 0.00                                      | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.01                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 0.01            |
| 23 Spain 24 Sri   | Lanka                   | 0.00 0.00 0.00 0.00                       | 0.00 0.00          | 0.00                                      | 0.00 0.00 0.00                            | 0.00                              | 0.00 0.00             | 0.00 0.00          | 0.00 0.00                 | 0.00 0.00          | 13.13                             | 6.54 11.22 0.97 0.00                  | 0.00 0.00          | 0.00 0.00          | 0.00 0.00          | 0.00 0.00                         | 0.00 0.00                     | 30.89 0.97      |
| 25                |                         | 0.00                                      | 0.00               |                                           | 0.00                                      | 0.00                              |                       | 0.19               | 0.00                      |                    |                                   | 0.00                                  | 0.00               |                    | 0.00               | 0.00                              | 0.00                          | 2.59            |
| Switzerland       |                         | 0.00                                      |                    | 0.00                                      |                                           |                                   | 0.00                  |                    |                           |                    | 2.40                              | 0.00                                  |                    | 0.00               |                    |                                   |                               |                 |
| 26 Thailand       |                         | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      | 0.00               | 0.00                              | 0.00                                  | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 0.00            |
| 27                |                         |                                           |                    |                                           |                                           |                                   |                       | 1.07               | 0.60                      | 35.57              | 3.06                              |                                       |                    | 0.00               | 0.00               | 0.00                              |                               |                 |
| UAE               |                         | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.07                                      | 0.00                              | 0.00                  |                    |                           |                    |                                   | 0.00                                  | 0.00               |                    |                    |                                   | 0.00                          | 40.37           |
| 28 United         | Kingdom                 | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.01                      | 1.21               | 0.03                              | 0.00                                  | 0.01               | 0.00               | 0.00               | 0.00                              | 0.00                          | 1.26            |
| 29                | U.S.A                   | 0.09 0.00                                 | 0.10               | 0.00                                      | 0.00                                      | 0.00                              | 0.21                  | 0.00               | 0.10                      |                    | 0.09                              | 1.21 0.05                             | 0.97               | 0.00               | 0.00               | 0.00                              | 0.00                          | 2.83            |
| 30                | Country Details Awaited | 0.00 0.00                                 | 0.00               | 0.00                                      | 0.00                                      | 0.00                              | 0.00                  | 0.00               | 0.00                      |                    | 1.44                              | 15.98 0.00                            | 0.00               | 0.00               | 0.00               | 0.00                              | 0.00                          | 17.43           |
| 31 Grand          | Kenya Total             | 0.00 0.01 19.09 1.57                      | 0.00 0.54          | 0.00                                      | 0.00 0.00                                 | 0.00 0.84                         | 0.00 1.85             | 0.00 27.84         | 0.00 1.32                 | 0.00 69.21         | 0.00 120.73                       | 0.00 555.48 1,125.21                  | 0.00 234.52        | 0.00 6.38          | 0.00 3.45          | 0.00 0.00                         | 0.00 0.00                     | 0.01 2,168.03   |