The Minister of state for commerce and industry C.R. Chaudhary has said that the inflow of Foreign Direct Investment (FDI) into India has reached to $208.99 billion during April 2014 to December 2017 period. He indicated that the main sectors that received maximum FDI equity inflows include services, computer software and hardware, telecommunications, construction, trading and automobile.
The minister has indicated that the number of functional export oriented units (EOU) has reduced to 2,197 so far in 2017-18 from 2,239 in 2016-17. He added that the number of functional units in 2015-16 was 2,269 and 2,293 in the previous fiscal.
Chaudhary further said that on the recommendations of the Public Accounts Committee, a committee under the development commissioner Kandla SEZ (special economic zone) has been constituted to identify the shortcomings in the EOU scheme. He also said that the committee would also conduct a comparative study of the benefits accrued to SEZ units and EOUs to find out the reasons for shifting of export oriented units to special economic zone sector and suggest remedial actions.
