Lok Sabha Question No. 2479 (UNSTARRED), answered on 2024-08-06
Subject: Foreign Direct Investment Inflows
Ministry: COMMERCE AND INDUSTRY
Asked by: Dr. D. Purandeswari, Dr. Shrikant Eknath Shinde, Shri Praveen Patel, Shri Naresh Ganpat Mhaske

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

## LOK SABHA

UNSTARRED QUESTION NO. 2479.

TO BE ANSWERED ON TUESDAY, THE 06 TH  AUGUST, 2024.

## FOREIGN DIRECT INVESTMENT INFLOWS

## 2479.  SMT. DAGGUBATI PURANDESWARI:

DR. SHRIKANT EKNATH SHINDE:

SHRI PRAVEEN PATEL:

SHRI NARESH GANPAT MHASKE:

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

- (a) the  details  of  the  steps  taken  by  the  Government  to  boost  investments  and attract more industrial activities in the country particularly in Andhra Pradesh, Maharashtra and Uttar Pradesh;
- (b) the  measures  implemented  by  the  Government  to  stimulate  Foreign  Direct Investment (FDI) inflows;
- (c) the  safeguards  put  in  place  to  mitigate  sluggish  commercial  movement  and enhance commercial activities in the States;
- (d) the steps taken by the Government to enhance the Ease of Doing Business in the country and the resulting rankings in Ease of Doing Business; and
- (e) the role of the National Single Window System (NSWS) portal, created by the Department for Promotion of Industry and Internal Trade (DPIIT), in facilitating investor-related clearances with transparency and accountability?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री णिणिन प्रसाद ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI JITIN PRASADA)

- (a) to (c): The Government has taken several steps to boost  investments and attract more industrial  activities  in  the  country.  The  Government  of  India,  through Department for Promotion of Industry and Internal Trade (DPIIT) and other Central  Ministries/  Departments,  provides  an  enabling  eco-system  for  the overall  industrial  development  of  the  country  through  appropriate  policy interventions. In addition to on-going schemes of other Ministries/ Departments,  this  Department  has  taken  various  steps  for  promotion  and facilitation of  industries across States/UTs, which includes Andhra Pradesh, Maharashtra and Uttar Pradesh, such as Make in India, Start-up India, PM GatiShakti, National Industrial Corridor Programme,  Production  Linked Incentive  (PLI)  Scheme,  promoting  Ease  of  Doing  Business  (EoDB)  and reducing compliance burden, National Single Window System (NSWS), India

Industrial Land Bank, Project Monitoring Group (PMG), liberalization of FDI policy,  Indian  Footwear  and  Leather  Development  Programme  (IFLDP) Scheme, etc. An institutional mechanism to fast-track investments has been put in place, in the form of Project Development Cells (PDCs), in all concerned Ministries/ Departments of Government of India.

In addition, the Government has implemented various measures to stimulate Foreign Direct Investment (FDI) inflows. The Government has put in place an investor  friendly  policy,  wherein  most  sectors  except  certain  strategically important sectors, are open for 100% FDI under the automatic route. Almost 90% of the FDI inflow is received under the automatic route. India continues to  open  up  its  economy  to  global  investors  by  raising FDI limits,  removing regulatory barriers, developing infrastructure and improving business environment.

- (d): The  Government  has  taken  initiatives  to  simplify,  rationalize,  digitize  and decriminalize Government to Business (G2B) and Citizen Interface across all the States/UTs with the objective to improve Ease of Doing Business and Ease of Living. So far, more than 42,000 compliances have been reduced and more than 3,800 provisions have been decriminalized. Jan Vishwas (Amendment of Provisions) Act, 2023 was introduced to further the trust-based governance and enable de-criminalization of minor offences and compliance-based laws and requirements. The Act decriminalized 183 provisions under 42 Acts administered by 19 Ministries/Departments. India ranks 63 rd  in the World Bank's Doing Business Report (DBR), 2020 published in October, 2019. India's rank in the DBR improved from 142 nd  in 2014 to 63 rd  in 2019, registering a jump of 79 ranks in a span of 5 years.
- (e): The  Department  for  Promotion  of  Industry  and  Internal  Trade  (DPIIT)  has developed the National Single Window System (NSWS) portal as a one-stop for  taking  all  the  regulatory  approvals  and  services  in  the  country.  NSWS platform aims to streamline the G2B ecosystems and further promote ease of doing  business  in  India.  The  platform  promotes Accountability,  Information Symmetry and Transparency within the G2B ecosystem by providing a national portal, PAN based verification and registration and access to more than 270+ G2B services at the central level. Thus, it also eliminates the need for multiple interfaces and registrations for businesses to avail requisite G2B services. The national  portal  integrates  the  existing  clearance  systems  of  the  various Ministries/ Departments of Govt. of India and State Governments. Currently, approvals of 32 Central Ministries/ Departments and 28 States/UTs Single Window  Systems  have  been  integrated  with  the  NSWS  Portal.  A  total of 277 Central  approvals and 2,977 state  approvals can  be  applied  through NSWS.  Information pertaining to 653 central approvals and 6,198 state approvals are  available  to  businesses  via  the  Know  Your  Approval  (KYA) module of NSWS.

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