The Government on Wednesday said the manufacturing sector has received FDI equity inflow worth $16.13 billion during April-November period of this financial year.
“The FDI equity inflow received in manufacturing sector during 2016-17 (upto November, 2016) is $16.13 billion. It shows an increase of 82 per cent compared to corresponding period of previous financial year ($8.85 billion),” Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.
She also said that FDI has increased by 48 per cent in November 2016 ($6.07 billion) compared to 4.10 billion in the same period last year.
In a separate reply she said, to promote foreign direct investment, Government has put in place an investor-friendly policy, wherein except for a small negative list, most sectors are open for 100 per cent FDI under the automatic route.