Lok Sabha Question No. 1919 (UNSTARRED), answered on 2019-07-03
Subject: Invest India Programme
Ministry: COMMERCE AND INDUSTRY
Asked by: Kuldeep Rai Sharma, Supriya Sadanand Sule, Heena Vijaykumar Gavit, Sunil Dattatray Tatkare, Amol Ramsing Kolhe, Subhash Ramrao Bhamre

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

## LOK SABHA

UNSTARRED QUESTION NO. 1919. TO BE ANSWERED ON WEDNESDAY, THE 3 RD  JULY, 2019.

## INVEST INDIA PROGRAMME

## 1919.  SHRI KULDEEP RAI SHARMA:

SHRIMATI SUPRIYA SULE:

DR. HEENA GAVIT:

SHRI SUNIL DATTATRAY TATKARE:

DR. AMOL RAMSING KOLHE:

DR. SUBHASH RAMRAO BHAMRE:

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

## वाणिज्य एवं उद्योग मंत्री

- (a) whether 'Invest India' which was launched by the Government with FICCI for promoting foreign investments in the country has achieved its objectives for which it was set up;
- (b) if so, the details thereof and if not, the reasons therefor;
- (c) the  current  shareholding  pattern  of  invest  India  along  with  the  details  of projects which are being handled by invest India;
- (d) the details of schemes/programmes and their achievements so far in terms of FDI inflows, year and sector-wise;
- (e) 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
- (f) the other steps taken by the Government to make 'Invest India' programme more effective?

## ANSWER वाणिज ् य एवं उद्योग मंत्री ( श्री पीयूष गोयल ) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

- (a) & (b): Yes, Sir. As reported by Invest India, it is currently working with 1003 companies,  with  an  indicated  investment  worth  USD  137  Billion  and indicated  employment  of  1,981,147  extending  end-to-end  facilitation support. Out of these, investments worth USD 23 Billion and 138,083 employment  have  been  realized  during  September  2014  till  date.

Invest  India  has  responded  to  190,431  business  requests  during  the period  from  September  2014  till  date  and  is  actively  working  with several Indian States to build capacity and strengthen existing Investment  Promotion  Agencies  as  well  as  bring  in  global  best practices in investment targeting, promotion and facilitation areas.

- (c): Invest India was formed in 2009 under Section 25 of the Companies Act 1956 for promotion of foreign investment with 49% equity of the then  Department  of  Industrial  Policy  and Promotion,  Ministry  of Commerce and Industry and 51% shareholding by FICCI. The current shareholding pattern of Invest India is 51 % of Industry Associations (i.e. 17% each of FICCI, CII & NASSCOM) and the remaining 49% of Central and 19 State Governments.

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.
6. (d): 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 64.38 billion FDI inflow in the year 2018-19  which  is  an  increase  of  78.6%  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, 2014 to March 2019 are placed at Annexure.                                                                                                                                                                                                                                                                                                                                                                                         |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e) & (f): | 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.                                                                                                                                                                                                                        |

*********

## ANNEXURE

## ANNEXURE  REFFERED  TO  IN  REPLY  TO    PART  (d)  OF  THE  LOK  SABHA UNSTARRED QUESTION NO. 1919 FOR ANSWER ON 03.07.2019.

## STATEMENT ON FINANCIAL YEAR WISE FDI EQUITY INFLOWS FROM APRIL 2014 TO MARCH 2019

| S. No.   | Sector                                             | 2014-15 Apr-Mar    | 2015-16 Apr-Mar    | 2016-17 Apr-Mar    | 2017-18 Apr-Mar    | 2018-19 Apr-Mar    | Total     |
|----------|----------------------------------------------------|--------------------|--------------------|--------------------|--------------------|--------------------|-----------|
|          |                                                    | FDI in US$ million | FDI in US$ million | FDI in US$ million | FDI in US$ million | FDI in US$ million |           |
| 1        | METALLURGICAL INDUSTRIES                           | 359.34             | 456.31             | 1,440.18           | 371.76             | 598.84             | 3,226.43  |
| 2        | MINING                                             | 684.39             | 520.67             | 55.75              | 36.41              | 223.58             | 1,520.81  |
| 3        | POWER                                              | 707.04             | 868.80             | 1,112.98           | 1,621.00           | 1,105.64           | 5,415.47  |
| 4        | NON-CONVENTIONAL ENERGY                            | 615.95             | 776.51             | 783.57             | 1,204.46           | 1,446.16           | 4,826.66  |
| 5        | PETROLEUM & NATURAL GAS                            | 1,079.02           | 103.02             | 180.40             | 24.18              | 138.43             | 1,525.06  |
| 6        | BOILERS AND STEAM GENERATING PLANTS                | 1.33               | 77.91              | 53.91              | 68.13              | 0.01               | 201.29    |
| 7        | PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS)     | 230.70             | 159.13             | 286.88             | 159.06             | 244.92             | 1,080.68  |
| 8        | ELECTRICAL EQUIPMENTS                              | 574.83             | 444.88             | 2,230.69           | 488.72             | 976.50             | 4,715.63  |
| 9        | COMPUTER SOFTWARE & HARDWARE                       | 2,296.04           | 5,904.36           | 3,651.71           | 6,153.20           | 6,415.21           | 24,420.52 |
| 10       | ELECTRONICS                                        | 96.84              | 208.39             | 83.97              | 196.87             | 451.88             | 1,037.95  |
| 11       | TELECOMMUNICATIONS                                 | 2,894.94           | 1,324.40           | 5,563.69           | 6,211.84           | 2,667.91           | 18,662.78 |
| 12       | INFORMATION & BROADCASTING (INCLUDING PRINT MEDIA) | 254.96             | 1,009.34           | 1,516.68           | 638.67             | 1,252.36           | 4,672.01  |
| 13       | AUTOMOBILE INDUSTRY                                | 2,725.64           | 2,526.82           | 1,609.32           | 2,089.53           | 2,623.22           | 11,574.52 |
| 14       | AIR TRANSPORT (INCLUDING AIR FREIGHT)              | 74.56              | 361.25             | 83.40              | 628.53             | 190.64             | 1,338.37  |
| 15       | SEA TRANSPORT                                      | 333.22             | 429.30             | 735.06             | 1,051.49           | 279.25             | 2,828.31  |
| 16       | PORTS                                              | 1.90               | 0.00               | 0.00               | 0.00               | 0.00               | 1.90      |
| 17       | RAILWAY RELATED COMPONENTS                         | 129.73             | 73.99              | 87.57              | 98.54              | 72.19              | 462.02    |
| 18       | INDUSTRIAL MACHINERY                               | 716.79             | 568.26             | 329.30             | 462.82             | 338.18             | 2,415.35  |
| 19       | MACHINE TOOLS                                      | 24.06              | 126.38             | 23.89              | 45.16              | 44.93              | 264.42    |
| 20       | AGRICULTURAL MACHINERY                             | 72.35              | 16.44              | 15.19              | 17.20              | 5.78               | 126.96    |
| 21       | EARTH-MOVING MACHINERY                             | 30.11              | 97.66              | 52.23              | 29.18              | 34.16              | 243.33    |
| 22       | MISCELLANEOUS                                      | 186.69             | 274.57             | 245.24             | 106.42             | 162.67             | 975.59    |

|    | MECHANICAL & ENGINEERING INDUSTRIES                                                                                  |          |          |          |          |          |           |
|----|----------------------------------------------------------------------------------------------------------------------|----------|----------|----------|----------|----------|-----------|
| 23 | COMMERCIAL, OFFICE & HOUSEHOLD EQUIPMENTS                                                                            | 33.39    | 36.68    | 7.44     | 20.97    | 11.78    | 110.27    |
| 24 | MEDICAL AND SURGICAL APPLIANCES                                                                                      | 145.93   | 173.26   | 479.71   | 87.23    | 156.72   | 1,042.85  |
| 25 | INDUSTRIAL INSTRUMENTS                                                                                               | 0.85     | 7.42     | 0.80     | 2.28     | 1.62     | 12.97     |
| 26 | SCIENTIFIC INSTRUMENTS                                                                                               | 32.34    | 6.36     | 76.66    | 5.53     | 3.15     | 124.05    |
| 27 | FERTILIZERS                                                                                                          | 225.32   | 20.93    | 0.89     | 26.68    | 86.73    | 360.54    |
| 28 | CHEMICALS (OTHER THAN FERTILIZERS)                                                                                   | 762.76   | 1,469.95 | 1,392.80 | 1,307.90 | 1,980.99 | 6,914.40  |
| 29 | PHOTOGRAPHIC RAW FILM AND PAPER                                                                                      | 0.75     | 0.00     | 0.00     | 0.00     | 0.00     | 0.75      |
| 30 | DYE-STUFFS                                                                                                           | 54.89    | 3.32     | 10.70    | 0.00     | 1.52     | 70.43     |
| 31 | DRUGS & PHARMACEUTICALS                                                                                              | 1,497.74 | 754.26   | 857.39   | 1,009.96 | 265.97   | 4,385.32  |
| 32 | TEXTILES (INCLUDING DYED,PRINTED)                                                                                    | 197.42   | 230.13   | 618.95   | 454.45   | 198.14   | 1,699.09  |
| 33 | PAPER AND PULP (INCLUDING PAPER PRODUCTS)                                                                            | 116.21   | 85.21    | 197.61   | 71.17    | 38.00    | 508.21    |
| 34 | SUGAR                                                                                                                | 27.77    | 105.85   | 15.92    | 7.90     | 1.10     | 158.54    |
| 35 | FERMENTATION INDUSTRIES                                                                                              | 225.38   | 202.36   | 110.86   | 38.48    | 149.49   | 726.57    |
| 36 | FOOD PROCESSING INDUSTRIES                                                                                           | 515.86   | 505.88   | 727.22   | 904.90   | 628.24   | 3,282.10  |
| 37 | VEGETABLE OILS AND VANASPATI                                                                                         | 148.34   | 34.22    | 108.45   | 85.12    | 116.22   | 492.35    |
| 38 | SOAPS, COSMETICS & TOILET PREPARATIONS                                                                               | 177.22   | 193.26   | 92.60    | 137.03   | 154.09   | 754.20    |
| 39 | RUBBER GOODS                                                                                                         | 284.51   | 296.15   | 262.76   | 392.21   | 197.64   | 1,433.27  |
| 40 | LEATHER,LEATHER GOODS AND PICKERS                                                                                    | 34.21    | 17.13    | 2.30     | 22.00    | 4.52     | 80.16     |
| 41 | GLUE AND GELATIN                                                                                                     | 21.44    | 0.82     | 90.60    | 3.76     | 13.29    | 129.91    |
| 42 | GLASS                                                                                                                | 41.82    | 25.78    | 51.69    | 70.92    | 35.59    | 225.80    |
| 43 | CERAMICS                                                                                                             | 35.29    | 51.21    | 15.40    | 50.12    | 58.09    | 210.11    |
| 44 | CEMENT AND GYPSUM PRODUCTS                                                                                           | 208.99   | 19.69    | 2,130.10 | 19.44    | 17.61    | 2,395.83  |
| 45 | TIMBER PRODUCTS                                                                                                      | 8.97     | 53.17    | 10.23    | 9.91     | 7.75     | 90.03     |
| 46 | DEFENCE INDUSTRIES                                                                                                   | 0.08     | 0.10     | 0.00     | 0.01     | 2.18     | 2.37      |
| 47 | CONSULTANCY SERVICES                                                                                                 | 458.13   | 517.47   | 261.14   | 759.67   | 410.61   | 2,407.02  |
| 48 | SERVICES SECTOR (Fin.,Banking,Insurance,Non Fin/Business,Outsourcing,R& D,Courier,Tech. Testing and Analysis, Other) | 3,250.03 | 6,889.46 | 8,684.07 | 6,708.58 | 9,157.54 | 34,689.68 |

| 49   | HOSPITAL & DIAGNOSTIC CENTRES                                                                               | 567.85    | 742.35    | 747.38    | 708.09    | 1,044.61   | 3,810.29   |
|------|-------------------------------------------------------------------------------------------------------------|-----------|-----------|-----------|-----------|------------|------------|
| 50   | EDUCATION                                                                                                   | 78.86     | 230.78    | 160.12    | 285.75    | 776.73     | 1,532.23   |
| 51   | HOTEL & TOURISM                                                                                             | 777.01    | 1,332.69  | 916.13    | 1,131.97  | 1,075.75   | 5,233.55   |
| 52   | TRADING                                                                                                     | 2,727.96  | 3,845.32  | 2,338.40  | 4,348.13  | 4,462.13   | 17,721.93  |
| 53   | RETAIL TRADING                                                                                              | 168.72    | 262.24    | 450.94    | 223.78    | 442.83     | 1,548.51   |
| 54   | AGRICULTURE SERVICES                                                                                        | 59.95     | 84.65     | 76.43     | 110.19    | 88.07      | 419.29     |
| 55   | DIAMOND,GOLD ORNAMENTS                                                                                      | 280.18    | 58.54     | 123.92    | 233.03    | 29.15      | 724.82     |
| 56   | TEA AND COFFEE (PROCESSING & WAREHOUSING COFFEE & RUBBER)                                                   | 1.43      | 1.12      | 1.60      | 20.02     | 13.64      | 37.81      |
| 57   | PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY)                                                       | 72.58     | 122.81    | 53.17     | 228.40    | 549.80     | 1,026.75   |
| 58   | COIR                                                                                                        | 1.36      | 0.00      | 0.00      | 0.00      | 0.00       | 1.36       |
| 59   | CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES                                                                    | 870.25    | 4,510.71  | 1,860.73  | 2,729.69  | 2,258.00   | 12,229.38  |
| 60   | CONSTRUCTION DEVELOPMENT: Townships, housing, built-up infrastructure and construction-development projects | 769.14    | 112.55    | 105.14    | 539.57    | 213.15     | 1,739.55   |
| 61   | MISCELLANEOUS INDUSTRIES                                                                                    | 765.88    | 668.77    | 296.40    | 398.76    | 441.16     | 2,570.96   |
|      | Grand Total                                                                                                 | 29,737.27 | 40,000.98 | 43,478.27 | 44,856.75 | 44,366.03  | 202,439.31 |

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