Lok Sabha Question No. 1622 (UNSTARRED), answered on 2023-12-13
Subject: FDI in Tamil Nadu
Ministry: COMMERCE AND INDUSTRY
Asked by: P. Velusamy

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

## LOK SABHA

UNSTARRED QUESTION NO. 1622.

TO BE ANSWERED ON WEDNESDAY, THE 13 TH  DECEMBER, 2023.

## FDI IN TAMIL NADU

## 1622. SHRI VELUSAMY P.:

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

- (a) the details of Foreign Direct Investment (FDI) that has come to the State of Tamil Nadu since May, 2019;
- (b) whether the Ministry took any steps to promote or attract FDI to the State of Tamil  Nadu  since  May,  2019  resulting  into  employment  generation  and  job opportunities;
- (c) if so, the details thereof; and
- (d) if not, the reasons therefor?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री सोम प्रकाश ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI SOM PARKASH)

- (a): The total Foreign Direct Investment (FDI) inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings and other capital. The State-wise details are maintained for equity component of total FDI inflow since October, 2019. The details of FDI equity inflow that has been reported in the state of Tamil Nadu since October, 2019 till September, 2023 are as under:
- (b) to (d): FDI  Policy  is  an  enabling  policy  which  is  uniformly  applicable  across  the country. To  attract  more  FDI,  the  Government  has  put  in  place  an  investor friendly  FDI  policy,  wherein  most  of  the  sectors,  except  certain  strategically important  sectors,  are  open  for  100%  FDI  under  the  automatic  route.  The Government has implemented several radical and transformative FDI reforms across  sectors  such  as  Defence,  Pension,  Other  Financial  Services,  Asset reconstruction Companies, Broadcasting, Pharmaceuticals, Single Brand Retail Trading,  Construction  &  Development,  Civil  Aviation,  Power  Exchanges,  ecommerce  activities,  Coal  Mining,  Contract  Manufacturing,  Digital  Media, Insurance Intermediaries, Insurance, Petroleum & Natural Gas and Telecom, etc. Further, the Government reviews the FDI policy on an ongoing basis and makes  significant  changes  from  time  to  time,  to  ensure  that  India  remains attractive & investor friendly destination.

| S. No.   | Financial Years                 | FDI Equity inflow (Amount in USD Million)   |
|----------|---------------------------------|---------------------------------------------|
| (1)      | (2)                             | (3)                                         |
| 1        | 2019-20 (From October, 2019)    | 1,006.07                                    |
| 2        | 2020-21                         | 2,323.46                                    |
| 3        | 2021-22                         | 3,003.16                                    |
| 4        | 2022-23                         | 2,168.96                                    |
| 5        | 2023-24 (Up to September, 2023) | 1,348.61                                    |
|          | Total                           | 9,850.25                                    |

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