Lok Sabha Question No. 148 (STARRED), answered on 2021-12-08
Subject: Closure of Companies
Ministry: COMMERCE AND INDUSTRY
Asked by: T.N. Prathapan

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

## LOK SABHA

## STARRED QUESTION NO. 148. TO BE ANSWERED ON WEDNESDAY, THE 8 TH  DECEMBER, 2021.

## CLOSURE OF COMPANIES

## *148.  SHRI T.N. PRATHAPAN:

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

- (a) whether the Government has the data on foreign companies that have closed their  industrial operations in the country since 2014;
- (b) if  so,  the  details  thereof  including  the  reasons  for  closure  of  several  foreign industrial operations in the country;
- (c) whether  the  Government  has  the  data  on  existing  industrial  operations  of foreign companies in the country and if so, the details thereof, State/ UT-wise;
- (d) whether  the  Government  has  the  data  on  industrial  operations  by  foreign companies that are attracted to 'Make in India' scheme and are still operating in the country; and
- (e) if so, the details thereof?

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

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

*****

## STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e)  OF  THE    LOK SABHA  STARRED  QUESTION  NO.  148  FOR  ANSWER  ON  08 TH   DECEMBER, 2021.

- (a) & (b): There are two types of foreign entities registered in India, (i) Companies who  have  registered  a  liaison/branch  office/  Project  Office  in  India  but incorporated outside India (ii) Subsidiaries of foreign companies Incorporated in India. These subsidiary companies are registered in India under the provisions of Companies Act, 2013. During the period from 2014 to 2021 (till November 2021), 10,756 foreign companies have registered with Liaison/ Branch  Office/ Project Office in India and  with their subsidiaries.

During the period from 2014 to 2021(till November 2021), 2,783 foreign companies registered with Liaison/Branch office/ Project Office and their subsidiaries have closed their operations in India for various reasons such as  completion  of  business  objectives/  projects,  restructuring  by  Parent Company, amalgamation, and other management decision.

The  complete  details  of  the  foreign  companies  with  Liaison/Branch Office/Project Office and their Subsidiaries along with reasons of closure as per filings on MCA21 done by these companies may be seen at the following link available on the portal of DPIIT: https://dpiit.gov.in/node/97263/

- (c): The  information  with  respect  to  total active foreign  companies  with Liaison/Branch  Office/Project  Office  and  their  Subsidiaries,  State-wise, may  be  seen  at Annexure  I. The  complete  details  of  the  Foreign Companies with Liaison/Branch Office/Project Office and their Subsidiaries, State-wise may be seen at the following link available on the portal of DPIIT: https://dpiit.gov.in/node/97263/
- (d) & (e): Initiative wise breakup of foreign companies is not centrally compiled.

******

ANNEXURE-I

## ANNEXURE  REFERED  TO  IN  REPLY  TO  PART  (c)  OF  THE  LOK  SABHA STARRED QUESTION NO. 148 FOR ANSWER ON 08.12.2021.

| State                                  | No. of Active Foreign Companies having Branch Office/Liaison Office /Project Office in India as on 30.11.2021   |   No. of Active Subsidiaries of Foreign Companies as on 30.11.2021 |
|----------------------------------------|-----------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|
| Andhra Pradesh                         |                                                                                                                 |                                                                156 |
| Assam                                  |                                                                                                                 |                                                                  4 |
| Bihar                                  |                                                                                                                 |                                                                  6 |
| Chandigarh                             |                                                                                                                 |                                                                 39 |
| Chattisgarh                            |                                                                                                                 |                                                                  8 |
| Dadra & Nagar Haveli and Daman and Diu |                                                                                                                 |                                                                  2 |
| Delhi                                  | 3312*                                                                                                           |                                                               2122 |
| Goa                                    |                                                                                                                 |                                                                 29 |
| Gujarat                                |                                                                                                                 |                                                                416 |
| Haryana                                |                                                                                                                 |                                                               1001 |
| Himachal Pradesh                       |                                                                                                                 |                                                                  4 |
| Jammu & Kashmir                        |                                                                                                                 |                                                                  2 |
| Jharkhand                              |                                                                                                                 |                                                                  4 |
| Karnataka                              |                                                                                                                 |                                                               2445 |
| Kerala                                 |                                                                                                                 |                                                                163 |
| Madhya Pradesh                         |                                                                                                                 |                                                                 43 |
| Maharashtra                            |                                                                                                                 |                                                               3381 |
| Manipur                                |                                                                                                                 |                                                                  1 |
| Meghalaya                              |                                                                                                                 |                                                                  1 |
| Orissa                                 |                                                                                                                 |                                                                 16 |
| Pondicherry                            |                                                                                                                 |                                                                 13 |
| Punjab                                 |                                                                                                                 |                                                                 81 |
| Rajasthan                              |                                                                                                                 |                                                                 70 |
| Tamil Nadu                             |                                                                                                                 |                                                               1120 |
| Telangana                              |                                                                                                                 |                                                                825 |
| Uttar Pradesh                          |                                                                                                                 |                                                                328 |
| Uttarakhand                            |                                                                                                                 |                                                                 16 |
| West Bengal                            |                                                                                                                 |                                                                162 |
| Grand Total                            | 3312                                                                                                            |                                                              12458 |

* All  Foreign  Companies  having  Branch  Office/Liaison  Office/Project  Office  in  India  are registered under the jurisdiction of RoC, Delhi.

- *********