Lok Sabha Question No. 1207 (UNSTARRED), answered on 2019-02-11
Subject: Invest India Programme
Ministry: COMMERCE AND INDUSTRY
Asked by: ANJU BALA, L.R. Shivaramegowda, Tejpratap Singh,Yadav

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 1207.

TO BE ANSWERED ON MONDAY, THE 11 TH   FEBRUARY, 2019.

## INVEST INDIA PROGRAMME

1207.  SHRIMATI ANJU BALA: SHRI L.R. SHIVARAME GOWDA: SHRI TEJ PRATAP SINGH YADAV:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) whether the Government has launched 'Invest India' with FICCI for promoting foreign investment in the country;
- (b) if so, the details and current status thereof including funds allocated by DIPP to FICCI, year-wise;
- (c) the details of schemes/programmes and their achievements so far in terms of FDI inflow, year-wise and sector-wise;
- (d) whether the Government has any mechanism to monitor the implementation of  programme  and  if  so,  the  details  thereof  including  cases  of  financial irregularities detected so far; and
- (e) whether Invest  India  programme  has  not  taken off  the  ground  yet  and  may meet  the  same  fate  as  erstwhile  India  Investment  Centre  and  India  Brand Equity  Fund  and  if  so,  the  steps  taken  by  the  Government  to  make  the programme more effective?

## ANSWER

## वाणिज् य एवं उद्योग मंत्रालय में राज् यमंत्री (श्री सी.आर. चौधरी) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI C.R. CHAUDHARY)

Invest India was formed in 2009 under Section 25 of the Companies Act  1956 for  promotion  of  foreign  investment  with  49%  equity  of  the and  Promotion,  Ministry  of Commerce and Industry and 51% shareholding by FICCI. Invest India, a  non-profit  company,  acts  as  National  Investment  Promotion  and Facilitation  Agency  and  first  point  of  reference  for  investors  in  India. The  current  shareholding  pattern  of  Invest  India  is  51%  of  Industry Associations  (i.e.17%  each  of  FICCI,  CII  &  NASSCOM)  and  the

- (a): then Department  of  Industrial Policy remaining 49% of Central and 19 State Governments.
- (b) & (c): This department has provided project based funding to Invest India as given at Annexure I .  The projects which are being handled by Invest India, inter-alia,  include the following:-
- i. Proactive Investor Targeting: Invest India identifies target companies  across  focus  sectors  from  target  markets  looking  to initiate investment into India or further expansion in India.
- ii. Handholding  support: The  provision  of  high  quality  services  to support investors throughout the investment life cycle is extremely important  and  Invest  India  creates  vital  differentiation  and  an invaluable service offering  of  guidance,  handholding,  problem solving and facilitation for investors.
- iii. Bilateral CEO Forums: Government of India has institutionalized bilateral  CEOs  forums  with  various  countries  to  identify  new avenues for  cooperation  and  take  initiatives  to  facilitate  business links between countries.  Invest India takes up the responsibility of acting as the nodal point for investment related issues/ recommendations  and  help  action  investment  specific  resolutions raised at the CEOs Forums.
- iv. Country - Sector Outreach: Invest India proactively contributes to national  and  regional  policy  development  by  planning  Country/ Sector interactions.
- v. Strategic Investment Research Unit: It shapes India's investment landscape and drives a step change in the quality and quantity of FDI.  The  Strategic  Investment  Research  unit  not  only  act  as  a strong pillar for the core functions of the IPA, like investor targeting and  facilitation,  but  also  assist  in  preparing  investment  related briefings.
- vi. Harnessing Information & Communication Technology for FDI: Invest  India  scales  up  use  of  technology  for  investment  targeting and facilitation. Using Information and Communication Technology, IPAs are putting in place increasingly sophisticated investor inquiry tracking tools to handle and process such inquiries
- vii. Working  with  State  Investment  Promotion  Agencies: Invest India plays a central role in ensuring that FDI is on the agenda of all State agencies, State Governments and stakeholders, highlighting the substantial economic and social benefits which can be accrued locally from FDI.
- viii. Startups: Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and  Startups  in  the  country  that  will  drive  sustainable  economic growth  and  generate  large  scale  employment  opportunities.  The Department for Promotion of Industry and Internal Trade with the

help  of  Invest  India  aims  to  empower  Startups  to  grow  through innovation and design through this intiative.

- ix. Accelerating  Growth  of  New  India's  Innovations ( AGNIi): It aims  to support the ongoing  efforts to  boost the innovation ecosystem in the country by connecting innovators across industry, individuals and the grassroots to the market and helping commercialise  their  innovative  solutions.  Invest  India  provide  a platform  for  innovators  to  bring  their  market  ready  products  and solutions to industry thereby helping propel India into a new era of inclusive economic growth.
- x. India  Investment  Grid: India  Investment  Grid (IIG) is an online platform  to  showcase  investment  opportunities  in India to  global investors. The platform is looked after by Invest India.
- xi. Project Monitoring Group: A decision has been taken to merge Project  Monitoring  Group  (PMG)  with  Invest  India  for  review  of Investment oriented public and private projects for specific monitoring and facilitation.

No funds have been allocated  to FICCI, CII or NASSCOM.

The efforts of Invest India and measures taken by the Government on FDI  policy  liberalization  along  with  improvement  in  ease  of  doing business  climate  have  resulted  in  unprecedented  growth  of  total  FDI inflows. Country has recorded USD 60.97 billion FDI inflow in the year 2017-18 which is an increase of 69% over financial year 2013-14 when total FDI inflow was USD 36.05 billion.

The  sector-wise  and  financial  year  wise  details  of  FDI  equity  inflow reported since April, 2010 to September, 2018 are placed at Annexure II.

- (d): Department  for  Promotion  of  Industry  and  Internal  Trade  conducts regular review of the performance of Invest India. Further, the Board of Directors, under chairmanship of Secretary, Department for Promotion of Industry and Internal Trade, including  nominees from Government of India, FICCI, CII and NASSCOM manages and oversee the overall operations, direction and strategy of the company. Regular meetings of the Board of Directors are held to monitor the operational and overall performance of Invest India.

The Books of Accounts of the company are examined and audited by Statutory  Auditors  appointed  in  each  Annual  General  meeting  by  the Board  of  Directors  and  Shareholders  as  per  the  Company  Act.  In addition,  audits  are  also  conducted  by  the  Government.  No  financial irregularity has been detected.

- (e): As reported by Invest India, it is currently working with 907 companies, with  an  indicated  investment  worth  USD  114  Billion  and  indicated employment  of  1,832,551,  extending  end-to-end  facilitation  support. Out of these, investments worth USD  21 Billion and 117,252 employments have been realized till date. Invest India has responded to 169,230 business requests during the period from September  2014 till  date  and  is  actively  working  with  several  Indian  States  to  build capacity and strengthen existing IPAs as well as bring in  global best practices in investment targeting, promotion and facilitation areas.

*****

ANNEXURE I ANNEXURE REFERRED TO IN REPLY TO PARTS (b) & (c) OF THE LOK SABHA UNSTARRED QUESTION NO. 1207 FOR ANSWER ON 11.02.2019.

| Year    | Funds provided to Invest India (in Rs.)   |
|---------|-------------------------------------------|
| 2013-14 | 1,18,78,380                               |
| 2014-15 | 1,99,96,731                               |
| 2015-16 | 18,88,17,115                              |
| 2016-17 | 30,52,59,929                              |
| 2017-18 | 30,97,32,017                              |
| 2018-19 | 33,19,42,631                              |

******

## ANNEXURE REFERRED TO IN REPLY TO PARTS (b) & (c) OF THE LOK SABHA UNSTARRED QUESTION NO. 1207 FOR ANSWER ON 11.02.2019.

## STATEMENT ON FINANCIAL YEAR WISE FDI EQUITY INFLOWS FROM APRIL 2010 TO SEPTEMBER 2018

| Sl No   | Sector                                             | 2010-11 Apr-Mar    | 2011-12 Apr-Mar    | 2012-13 Apr-Mar    | 2013-14 Apr-Mar    | 2014-15 Apr-Mar    | 2015-16 Apr-Mar    | 2016-17 Apr-Mar    | 2017-18 Apr-Mar    | 2018-19 Apr-Sep    | 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 | FDI in US$ million | FDI in US$ million | FDI in US$ million | FDI in US$ million |
| 1       | METALLURGICAL INDUSTRIES                           | 1,098.14           | 1,786.14           | 1,466.23           | 567.63             | 359.34             | 456.31             | 1,440.18           | 371.76             | 408.22             | 7,953.95           |
| 2       | MINING                                             | 79.51              | 142.65             | 57.89              | 12.73              | 684.39             | 520.67             | 55.75              | 36.41              | 12.96              | 1,602.97           |
| 3       | POWER                                              | 1,271.77           | 1,652.38           | 535.68             | 1,066.08           | 707.04             | 868.80             | 1,112.98           | 1,621.00           | 982.44             | 9,818.18           |
| 4       | NON-CONVENTIONAL ENERGY                            | 214.40             | 452.17             | 1,106.52           | 414.25             | 615.95             | 776.51             | 783.57             | 1,204.46           | 748.75             | 6,316.58           |
| 5       | COAL PRODUCTION                                    | 0.00               | 0.00               | 0.00               | 2.96               | 0.00               | 0.00               | 0.00               | 0.00               | 0.00               | 2.96               |
| 6       | PETROLEUM & NATURAL GAS                            | 556.43             | 2,029.98           | 214.80             | 112.23             | 1,079.02           | 103.02             | 180.40             | 24.18              | 121.93             | 4,422.01           |
| 7       | BOILERS AND STEAM GENERATING PLANTS                | 0.63               | 31.79              | 20.05              | 0.17               | 1.33               | 77.91              | 53.91              | 68.13              | 0.00               | 253.92             |
| 8       | PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS)     | 166.44             | 313.75             | 184.60             | 212.78             | 230.70             | 159.13             | 286.88             | 159.06             | 190.64             | 1,903.97           |
| 9       | ELECTRICAL EQUIPMENTS                              | 153.90             | 566.39             | 195.87             | 134.31             | 574.83             | 444.88             | 2,230.69           | 488.72             | 637.11             | 5,426.71           |
| 10      | COMPUTER SOFTWARE & HARDWARE                       | 779.81             | 796.35             | 485.96             | 1,126.27           | 2,296.04           | 5,904.36           | 3,651.71           | 6,153.20           | 2,540.52           | 23,734.22          |
| 11      | ELECTRONICS                                        | 59.72              | 194.41             | 38.24              | 132.58             | 96.84              | 208.39             | 83.97              | 196.87             | 323.13             | 1,334.15           |
| 12      | TELECOMMUNICATIONS                                 | 1,664.50           | 1,997.24           | 303.87             | 1,306.95           | 2,894.94           | 1,324.40           | 5,563.69           | 6,211.84           | 2,178.24           | 23,445.69          |
| 13      | INFORMATION & BROADCASTING (INCLUDING PRINT MEDIA) | 412.11             | 675.96             | 404.04             | 428.52             | 254.96             | 1,009.34           | 1,516.68           | 638.67             | 58.04              | 5,398.32           |
| 14      | AUTOMOBILE INDUSTRY                                | 1,299.41           | 922.99             | 1,537.28           | 1,517.28           | 2,725.64           | 2,526.82           | 1,609.32           | 2,089.53           | 1,597.98           | 15,826.24          |
| 15      | AIR TRANSPORT (INCLUDING AIR FREIGHT)              | 136.60             | 31.22              | 15.89              | 45.95              | 74.56              | 361.25             | 83.40              | 628.53             | 29.59              | 1,406.99           |
| 16      | SEA TRANSPORT                                      | 300.51             | 129.36             | 64.62              | 20.49              | 333.22             | 429.30             | 735.06             | 1,051.49           | 116.64             | 3,180.68           |
| 17      | PORTS                                              | 10.92              | 0.00               | 0.00               | 0.31               | 1.90               | 0.00               | 0.00               | 0.00               | 0.00               | 13.14              |
| 18      | RAILWAY RELATED COMPONENTS                         | 70.66              | 42.27              | 29.85              | 236.93             | 129.73             | 73.99              | 87.57              | 98.54              | 31.35              | 800.90             |
| 19      | INDUSTRIAL MACHINERY                               | 467.92             | 620.66             | 503.83             | 477.38             | 716.79             | 568.26             | 329.30             | 462.82             | 230.54             | 4,377.49           |
| 20      | MACHINE TOOLS                                      | 11.63              | 127.87             | 101.39             | 64.52              | 24.06              | 126.38             | 23.89              | 45.16              | 24.19              | 549.11             |

|   21 | AGRICULTURAL MACHINERY                            | 0.49     | 2.77     | 95.41    | 48.78    | 72.35    | 16.44    | 15.19    | 17.20    | 5.76     | 274.38    |
|------|---------------------------------------------------|----------|----------|----------|----------|----------|----------|----------|----------|----------|-----------|
|   22 | EARTH-MOVING MACHINERY                            | 1.77     | 16.40    | 5.10     | 34.44    | 30.11    | 97.66    | 52.23    | 29.18    | 9.13     | 276.02    |
|   23 | MISCELLANEOUS MECHANICAL & ENGINEERING INDUSTRIES | 108.67   | 1,295.34 | 89.45    | 288.13   | 186.69   | 274.57   | 245.24   | 106.42   | 117.29   | 2,711.81  |
|   24 | COMMERCIAL, OFFICE & HOUSEHOLD EQUIPMENTS         | 25.12    | 29.04    | 24.33    | 21.13    | 33.39    | 36.68    | 7.44     | 20.97    | 5.80     | 203.91    |
|   25 | MEDICAL AND SURGICAL APPLIANCES                   | 32.22    | 141.61   | 83.02    | 173.48   | 145.93   | 173.26   | 479.71   | 87.23    | 35.50    | 1,351.97  |
|   26 | INDUSTRIAL INSTRUMENTS                            | 25.48    | 3.99     | 0.58     | 0.53     | 0.85     | 7.42     | 0.80     | 2.28     | 1.01     | 42.95     |
|   27 | SCIENTIFIC INSTRUMENTS                            | 2.49     | 7.08     | 73.28    | 45.08    | 32.34    | 6.36     | 76.66    | 5.53     | 0.98     | 249.80    |
|   28 | MATHEMATICAL,SURVEYI NG AND DRAWING INSTRUMENTS   | 0.00     | 0.00     | 6.71     | 0.00     | 0.00     | 0.00     | 0.00     | 0.00     | 0.00     | 6.71      |
|   29 | FERTILIZERS                                       | 18.18    | 32.60    | 42.55    | 20.65    | 225.32   | 20.93    | 0.89     | 26.68    | 67.68    | 455.47    |
|   30 | CHEMICALS (OTHER THAN FERTILIZERS)                | 2,354.40 | 4,040.71 | 292.16   | 786.76   | 762.76   | 1,469.95 | 1,392.80 | 1,307.90 | 1,605.83 | 14,013.27 |
|   31 | PHOTOGRAPHIC RAW FILM AND PAPER                   | 0.81     | 0.00     | 0.00     | 0.00     | 0.75     | 0.00     | 0.00     | 0.00     | 0.00     | 1.56      |
|   32 | DYE-STUFFS                                        | 5.37     | 0.58     | 0.00     | 0.00     | 54.89    | 3.32     | 10.70    | 0.00     | 0.17     | 75.02     |
|   33 | DRUGS & PHARMACEUTICALS                           | 209.38   | 3,232.28 | 1,123.46 | 1,279.34 | 1,497.74 | 754.26   | 857.39   | 1,009.96 | 179.65   | 10,143.45 |
|   34 | TEXTILES (INCLUDING DYED,PRINTED)                 | 129.65   | 164.19   | 103.89   | 198.86   | 197.42   | 230.13   | 618.95   | 454.45   | 115.25   | 2,212.80  |
|   35 | PAPER AND PULP (INCLUDING PAPER PRODUCTS)         | 6.53     | 407.35   | 5.09     | 26.86    | 116.21   | 85.21    | 197.61   | 71.17    | 6.83     | 922.86    |
|   36 | SUGAR                                             | 0.17     | 4.44     | 12.26    | 3.08     | 27.77    | 105.85   | 15.92    | 7.90     | 0.67     | 178.06    |
|   37 | FERMENTATION INDUSTRIES                           | 57.71    | 69.70    | 107.21   | 814.58   | 225.38   | 202.36   | 110.86   | 38.48    | 81.45    | 1,707.74  |
|   38 | FOOD PROCESSING INDUSTRIES                        | 188.67   | 170.21   | 401.46   | 3,982.89 | 515.86   | 505.88   | 727.22   | 904.90   | 383.47   | 7,780.55  |
|   39 | VEGETABLE OILS AND VANASPATI                      | 58.07    | 65.02    | 108.39   | 21.55    | 148.34   | 34.22    | 108.45   | 85.12    | 36.75    | 665.91    |
|   40 | SOAPS, COSMETICS & TOILET PREPARATIONS            | 102.90   | 222.08   | 160.07   | 108.44   | 177.22   | 193.26   | 92.60    | 137.03   | 21.99    | 1,215.59  |
|   41 | RUBBER GOODS                                      | 17.21    | 187.37   | 642.18   | 370.54   | 284.51   | 296.15   | 262.76   | 392.21   | 71.67    | 2,524.59  |
|   42 | LEATHER,LEATHER GOODS AND PICKERS                 | 9.26     | 8.30     | 46.70    | 6.14     | 34.21    | 17.13    | 2.30     | 22.00    | 3.37     | 149.41    |
|   43 | GLUE AND GELATIN                                  | 0.01     | 5.84     | 0.00     | 0.97     | 21.44    | 0.82     | 90.60    | 3.76     | 13.29    | 136.73    |
|   44 | GLASS                                             | 7.60     | 32.22    | 209.16   | 43.09    | 41.82    | 25.78    | 51.69    | 70.92    | 29.17    | 511.44    |
|   45 | CERAMICS                                          | 12.00    | 9.87     | 4.33     | 150.09   | 35.29    | 51.21    | 15.40    | 50.12    | 14.50    | 342.81    |
|   46 | CEMENT AND GYPSUM PRODUCTS                        | 637.68   | 267.90   | 12.38    | 254.01   | 208.99   | 19.69    | 2,130.10 | 19.44    | 6.35     | 3,556.54  |
|   47 | TIMBER PRODUCTS                                   | 1.58     | 29.60    | 29.17    | 6.16     | 8.97     | 53.17    | 10.23    | 9.91     | 5.16     | 153.95    |

| 48   | DEFENCE INDUSTRIES                                                                                                   | 0.00       | 3.66      | 0.41      | 0.82      | 0.08      | 0.10      | 0.00      | 0.01      | 0.21      | 5.28       |
|------|----------------------------------------------------------------------------------------------------------------------|------------|-----------|-----------|-----------|-----------|-----------|-----------|-----------|-----------|------------|
| 49   | CONSULTANCY SERVICES                                                                                                 | 274.84     | 289.89    | 142.32    | 285.85    | 458.13    | 517.47    | 261.14    | 759.67    | 88.17     | 3,077.48   |
| 50   | SERVICES SECTOR (Fin.,Banking,Insurance,Non Fin/Business,Outsourcing, R&D,Courier,Tech. Testing and Analysis, Other) | 3,296.09   | 5,215.98  | 4,832.98  | 2,225.10  | 3,250.03  | 6,889.46  | 8,684.07  | 6,708.58  | 4,914.79  | 46,017.08  |
| 51   | HOSPITAL & DIAGNOSTIC CENTRES                                                                                        | 256.00     | 310.43    | 256.86    | 684.58    | 567.85    | 742.35    | 747.38    | 708.09    | 344.81    | 4,618.35   |
| 52   | EDUCATION                                                                                                            | 37.94      | 105.62    | 172.20    | 262.09    | 78.86     | 230.78    | 160.12    | 285.75    | 166.77    | 1,500.13   |
| 53   | HOTEL & TOURISM                                                                                                      | 308.05     | 992.86    | 3,259.05  | 486.38    | 777.01    | 1,332.69  | 916.13    | 1,131.97  | 344.01    | 9,548.16   |
| 54   | TRADING                                                                                                              | 498.04     | 731.55    | 717.80    | 1,343.39  | 2,727.96  | 3,845.32  | 2,338.40  | 4,348.13  | 2,143.22  | 18,693.81  |
| 55   | RETAIL TRADING                                                                                                       | 26.27      | 31.70     | 22.31     | 11.30     | 168.72    | 262.24    | 450.94    | 223.78    | 255.62    | 1,452.88   |
| 56   | AGRICULTURE SERVICES                                                                                                 | 43.90      | 49.02     | 161.47    | 91.01     | 59.95     | 84.65     | 76.43     | 110.19    | 30.41     | 707.03     |
| 57   | DIAMOND,GOLD ORNAMENTS                                                                                               | 19.59      | 36.30     | 52.61     | 42.56     | 280.18    | 58.54     | 123.92    | 233.03    | 22.02     | 868.74     |
| 58   | TEA AND COFFEE (PROCESSING & WAREHOUSING COFFEE & RUBBER)                                                            | 3.12       | 5.32      | 0.27      | 5.86      | 1.43      | 1.12      | 1.60      | 20.02     | 7.16      | 45.91      |
| 59   | PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY)                                                                | 36.63      | 47.39     | 14.34     | 113.78    | 72.58     | 122.81    | 53.17     | 228.40    | 95.21     | 784.31     |
| 60   | COIR                                                                                                                 | 0.10       | 0.55      | 0.15      | 0.54      | 1.36      | 0.00      | 0.00      | 0.00      | 0.00      | 2.70       |
| 61   | CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES                                                                             | 675.07     | 386.28    | 283.89    | 485.37    | 870.25    | 4,510.71  | 1,860.73  | 2,729.69  | 950.98    | 12,752.97  |
| 62   | CONSTRUCTION DEVELOPMENT: Townships, housing, built-up infrastructure and construction-development projects          | 1,663.03   | 3,140.78  | 1,332.49  | 1,226.05  | 769.14    | 112.55    | 105.14    | 539.57    | 65.41     | 8,954.15   |
| 63   | MISCELLANEOUS INDUSTRIES                                                                                             | 1,475.97   | 813.38    | 229.49    | 468.74    | 765.88    | 668.77    | 296.40    | 398.76    | 184.20    | 5,301.57   |
|      | Grand Total                                                                                                          | 21,383.0 5 | 35,120.80 | 22,423.58 | 24,299.33 | 29,737.27 | 40,000.98 | 43,478.27 | 44,856.75 | 22,663.99 | 283,964.03 |

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