Published in:
Business Standard
Pubished on:
9 Mar 2016
A little over ninety per cent of the total foreign direct investment received during April-December this fiscal came through automatic route, the government said today.
"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.
According to the Department of Industrial Policy and Promotion (DIPP), the country has received USD 29.44 billion foreign direct investment (FDI).