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India receives $29.44 bn FDI in Apr-Dec 2015
11 Mar '16
1 min read
India has received $29.44 billion in foreign direct investment (FDI) during April-December 2015, according to the Department of Industrial Policy and Promotion (DIPP).
More than 90 per cent of this FDI was received through automatic route, according to media reports.
“FDI equity inflow received through automatic route and approval route during the current financial year (up to December 2015) is 90.24 per cent and 9.76 per cent respectively,” commerce and industry minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.
The minister said that the government has put in place a liberal and transparent policy for FDI, wherein most of the sectors are open to FDI under the automatic route. She added that the government has taken a number of steps to improve ease of doing business in India.
She informed that around 20 services have been integrated with the e-biz portal to function as single window for obtaining government clearances. (RKS)
Fibre2Fashion News Desk – India
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