Lok Sabha Question No. 270 (STARRED), answered on 2018-12-31
Subject: Foreign Direct Investment
Ministry: COMMERCE AND INDUSTRY
Asked by: RAMACHANDRAN MULLAPPALLY

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

## LOK SABHA

STARRED QUESTION NO. 270.

TO BE ANSWERED ON MONDAY, THE 31 ST   DECEMBER, 2018.

## FOREIGN DIRECT INVESTMENT

## *270.  SHRI MULLAPPALLY RAMACHANDRAN:

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

## वाणिज्य एवं उद्योग मंत्री

- (a) whether the Government has  made any assessment of employment generation by Foreign Direct Investment (FDI) in the country;
- (b) if so, the details of job opportunities created during each of the last five years; and
- (c) the details of bilateral agreements  signed  by  India  for Foreign Direct Investment in the country during the said period, country-wise along with the present status thereof?

## ANSWER

वाणिज् य एवं उद्योग मंत्री (श्री सुरेश प्रभु ) THE MINISTER OF COMMERCE & INDUSTRY (SHRI SURESH PRABHU)

(a) to (c): A Statement is laid on the Table of the House.

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## STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (c) OF LOK SABHA STARRED QUESTION NO. 270 FOR ANSWER ON 31 st  DECEMBER, 2018.

- (a) & (b):
- (c): Investment in the Country during the last five years:

There  is  at  present  no  central  mechanism  to  collect  data  on employment  generation  by  Foreign  Direct  Investment  in  the country. Details  of  bilateral  Agreements  signed  by  India  for  FDI

|   S.No. | Country/Region             | Name of Agreement                                                                                                                               | Date of Signing Agreement   | Present status                                                                                                             |
|---------|----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------|----------------------------------------------------------------------------------------------------------------------------|
|       1 | United Arab Emirates (UAE) | Bilateral Investment for Promotion and Protection (BIPA) between Government of the Republic of India and Government of the UAE                  | 12 th December, 2013        | Agreement still in force.However, negotiations for a fresh agreement on the lines of India's New Model BIT have commenced. |
|       2 | Belarus                    | Bilateral Investment Treaty (BIT) between Republic of India and Republic of Belarus                                                             | 24 th September, 2018       | The said agreement is yet to be ratified.                                                                                  |
|       3 | -                          | Bilateral Investment Agreement (BIA) between India - Taipei Association (ITA) in Taipei and Taipei Economic and Cultural Centre (TECC) in India | 18 th December, 2018        |                                                                                                                            |

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