Commerce and Industry Minister Nirmala Sitharaman has said that during the April- December period in the current fiscal, over 90 percent of the total Foreign Direct investment (FDI) was received which came through automatic route. FDI equity inflow received through automatic route and approval route during the current financial year up to December 2015 is 90.24 percent and 9.76 percent respectively.
Sitharaman said the government had put in place a liberal and transparent policy under which most sectors have been opened to FDI under the automatic route. FDI is permitted in most of the sectors through automatic route, but the segments which are considered sensitive for economy need to be first cleared from FIPB. Meanwhile, she also highlighted that the investment commitments worth $45.68 billion have been made through FDI inflows after the launch of ‘Make in India’ initiative in September, 2014. The investment commitments have been made in the period between October 2014 and December 2015.
According to the Department of Industrial Policy and Promotion (DIPP), India has received $29.44 billion foreign direct investment (FDI), surging by 40 percent during April-December in the current fiscal. During the period, the sectors which attracted FDI include computer software and hardware, services sector, trading, automobile and chemicals.