Lok Sabha Question No. 3202 (UNSTARRED), answered on 2015-12-17
Subject: FDI in Renewable Energy
Ministry: NEW AND RENEWABLE ENERGY
Asked by: ANTO  ANTONY

## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA UNSTARRED  QUESTION NO. 3202

TO BE ANSWERED ON 17.12.2015

## FDI IN RENEWABLE ENERGY

## 3202.  SHRI ANTO ANTONY:

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:

- (a) whether the Government is encouraging Foreign Direct Investment (FDI) in Renewable Energy Sector;
- (b) if  so,  the  details  thereof  and  the  steps  taken/being  taken  by  the  Government  in  this regard;

(c) whether  the  Government  has  any  data  regarding  FDI  in  Renewable  Energy  Sector during the last three years; and

(d) if so, the details thereof, year-wise and country-wise?

## ANSWER

## THE MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE) (SHRI PIYUSH GOYAL)

(a)&(b): Yes Madam. In renewable energy, 100 percent foreign direct investment as equity  qualifies  for  automatic  approval.  Further,  foreign  investors  can  enter  into  joint venture with an Indian partner for financial and/ or technical collaboration and for setting up of renewable energy-based power generation projects.

(c)&(d): The renewable energy sector attracted total foreign direct investment (FDI) of  US  $  2005.51  million  during  2012-13,  2013-14  and  2014-15  (upto  December  2014). Country-wise details of the FDI in renewable energy are given at Annexure.

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Annexure

Annexure referred to in reply to part (c) and (d) of Lok Sabha Unstarred Question No.

3202 to be answered on 17/12/2015 regarding 'FDI in Renewable Energy'

FDI in Renewable Energy Sector

| Sl No   | Country          | 2012-13 Apr-Mar    | 2013-14 Apr-Mar    | 2014-15 Apr-Dec    | Total              |
|---------|------------------|--------------------|--------------------|--------------------|--------------------|
| Sl No   | Country          | FDI in US$ million | FDI in US$ million | FDI in US$ million | FDI in US$ million |
| 1       | Australia        | 0.15               | 0.16               | 0.00               | 0.31               |
| 2       | Baharain         | 1.63               | 0.25               | 12.34              | 14.22              |
| 3       | Caymen Islands   | 0.00               | 0.00               | 0.02               | 0.02               |
| 4       | Cyprus           | 1.68               | 4.72               | 0.67               | 7.07               |
| 5       | France           | 12.01              | 8.71               | 18.62              | 39.34              |
| 6       | Germany          | 0.00               | 16.34              | 2.03               | 18.37              |
| 7       | HongKong         | 7.33               | 0.08               | 21.04              | 28.45              |
| 8       | Italy            | 0.02               | 0.00               | 0.00               | 0.02               |
| 9       | Liechtenstein    | 0.00               | 0.48               | 0.00               | 0.48               |
| 10      | Japan            | 0.40               | 0.07               | 0.02               | 0.49               |
| 11      | Korea(North)     | 14.52              | 0.00               | 0.00               | 14.52              |
| 12      | Luxembourg       | 0.00               | 0.00               | 18.59              | 18.59              |
| 13      | Malaysia         | 193.36             | 42.18              | 77.18              | 312.72             |
| 14      | Mauritius        | 799.77             | 190.72             | 77.44              | 1067.93            |
| 15      | Netherlands      | 0.01               | 7.33               | 10.62              | 17.96              |
| 16      | Norway           | 0.00               | 0.20               | 0.00               | 0.20               |
| 17      | Philippines      | 0.00               | 0.04               | 0.00               | 0.04               |
| 18      | Saudi Arabia     | 0.00               | 0.00               | 0.26               | 0.26               |
| 19      | Singapore        | 23.48              | 84.45              | 117.20             | 225.13             |
| 20      | South Africa     | 0.00               | 0.02               | 0.00               | 0.02               |
| 21      | Spain            | 40.47              | 0.24               | 80.59              | 121.30             |
| 22      | Sweden           | 0.19               | 0.00               | 0.02               | 0.21               |
| 23      | Switzerland      | 0.01               | 0.39               | 0.00               | 0.40               |
| 24      | UAE              | 1.78               | 0.85               | 2.34               | 4.97               |
| 25      | United Kingdom   | 3.23               | 2.49               | 1.80               | 7.52               |
| 26      | U.S.A            | 6.48               | 1.32               | 11.46              | 19.26              |
| 27      | British Virginia | 0.02               | 0.00               | 0.00               | 0.02               |
| 28      | Seychelles       | 0.00               | 53.19              | 32.50              | 85.69              |
|         | Grand Total      | 1106.54            | 414.23             | 484.74             | 2005.51            |

Note : Amount includes the Inflows received through SIA/FIPB route, acquisition of existing shares  and RBI's automatic route only.

Source: Department of Industrial Policy and Promotion, Government of India