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19
March 2018
 |
FDI
(The Total Investment & Insurance Solutions)
As many as six sectors, including defence
industries, ports and coal production, have failed to attract any foreign
direct investments during the April-December period of the current fiscal,
Parliament was informed on Monday.
The other three sectors, which were not able
to attract foreign inflows are – photographic raw film & paper, dye-stuffs
and coir, according to the data shared by Minister of State for Commerce and
Industry C R Chaudhary in a written reply to the Lok Sabha.
Barring defence industries and dye-stuffs,
the other four segments had not received any FDI in 2015-16 either. The
government has relaxed FDI norms in several sectors, including defence, single
brand retail and civil aviation, to attract foreign direct investment in the
country.
India imports 70 per cent of its military
hardware from different countries. During April-December 2017-18, FDI into the
country grew by a meagre 0.27 per cent to USD 35.94 billion.The Total Investment & Insurance
Solutions
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