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        News and Press Release

        Foreign Direct Investment

        March 13, 2015

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        The year-wise details of the proposals received during the last three years and the current year are as under:

        Year

        No. of fresh proposals received

        2012

        218

        2013

        219

        2014

        153

        2015 (till date)

        21

        The details of the proposals approved/ rejected during the last three years and the current year are as under:

        Year

        No. of proposals approved

        No. of proposals rejected

        2012

        199

        80

        2013

        198

        33

        2014

        204

        42

        2015 (till date)

        11

        9

        Proposal-wise actual FDI inflows and its utilization in various sectors and State/Union Territory are not maintained centrally.

        Investment by foreign companies in the country is guided by the FDI policy. FDI in the country is permitted subject to, applicable laws/regulations; security and other conditionalities. FDI brings much needed capital, technology and global best practices to the investee Indian companies.

        Filing of FDI proposals is continuous process and proposals for investment are placed before the FIPP only after completion of all the mandatory paper work.

        FDI proposals can be made for investment in any State of the country. Foreign Investment Promotion Board (FIPB) considers these proposals on case to case basis. FIPB has not banned investment from any company in the country.

        Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities including investments from Non-Resident Indians (NRIs). Foreign Direct Investment (FDI) policy is reviewed on an ongoing basis, with a view to making it more investor friendly, including for NRIs. Significant changes in the FDI policy regime have been made in the recent past in certain sectors namely Railway infrastructure, construction development, defence, medical devices & insurance, to provide further openings for FDI in India.

        Further, the extant FDI policy allows special dispensation for NRI investments in the construction development sector, Scheduled Air Transport Services, Domestic Scheduled Passenger Airlines, Non-Scheduled Air Transport Services, Non-Scheduled airlines, Chartered airlines, and Cargo airlines. 

        This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

        Foreign Direct Investment policy permits broad automatic-route access and sectoral liberalisation benefiting NRIs and foreign investors. FDI proposals are received continuously and considered by the Foreign Investment Promotion Board only after mandatory documentation; FIPB examines investments on a case-by-case basis and has not banned any company. The Government's FDI policy permits foreign investment largely under the automatic route, allows up to full foreign ownership where prescribed, provides special dispensation for NRI investments in specified sectors, and subjects all FDI to applicable laws, security conditions and other conditionalities.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Foreign Direct Investment policy permits broad automatic-route access and sectoral liberalisation benefiting NRIs and foreign investors.

                                FDI proposals are received continuously and considered by the Foreign Investment Promotion Board only after mandatory documentation; FIPB examines investments on a case-by-case basis and has not banned any company. The Government's FDI policy permits foreign investment largely under the automatic route, allows up to full foreign ownership where prescribed, provides special dispensation for NRI investments in specified sectors, and subjects all FDI to applicable laws, security conditions and other conditionalities.





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                                ActsIncome Tax
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