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‘FDI up 29 pc after Make in India initiative’

She said government has received 424 FDI proposals during April 2015-January 2016

Policy Pulse
Publish Date: Mar 18 2016 1:29PM | Updated Date: Mar 18 2016 1:29PM

‘FDI up 29 pc after Make in India initiative’

 After the launch of 'Make in India' initiative, Foreign Direct Investment has increased 29 percent for 15-month period, which ended last year, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.

 
Initiative, which was launched on September 25, 2014 aims at promoting India as an important investment destination and a global hub for manufacturing, innovation and design. 
 
"FDI inflow has increased 29 per cent during October 2014 to December 2015 (15 months after 'Make in India') compared to the 15 months period prior to the launch of this initiative," she wrote.
 
In another reply, she said government has received 424 FDI proposals during April 2015-January 2016. Among these, at least 285 proposals have been disposed of. 
 
She added that a manufacturer is given permission to sell its products manufactured in India through e-commerce retail and a single brand retail trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce.