India’s 58% FDI in software, electronics came from China in April-September 2016

index.jpgSource: The Economic Times, Dec 14, 2016

NEW DELHI: Foreign direct investment (FDI) of USD 22.47 million flowed in from China in the areas of computer software, electronics and telecommunications between April 2000 to September 2016, Parliament was informed today.

“As per the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, the total FDI inflows from April 2000 to September 2016 in computer software, electronics and telecommunications sectors from China is of the order of USD 22.47 million,” Minister of State for Electronics and IT P P Chaudhary said in a written reply to the Lok Sabha.

He added that FDI into computer software and hardware stood at USD 12.92 million, while that in electronics and telecommunications was at USD 8.37 million and USD 1.18 million, respectively.

In response to another query, Chaudhary said India’s total import of electronics and telecom equipment has grown from USD 33.23 billion in 2013-14 to USD 40.93 billion in 2015-16. “It stood at USD 19.61 billion in the first six months of fiscal 2016-17,” he added.

China’s share has grown from 51 per cent in 2013-14 to 53 per cent in 2015-16 and stood at 58 per cent between April-September 2016, he said.

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