Defence Industry

Defence industry received $8.82 million FDI during Apr 2000- Dec 2019: Government

India’s defence industry received foreign direct investment (FDI) of USD 8.82 million (Rs 51.93 crore) during April 2000 and December 2019, Parliament was informed on Wednesday.

In 2018-19, FDI in the sector was aggregated at USD 2.18 million, according to the data provided by Commerce and Industry Minister Piyush Goyal in a written reply to the Lok Sabha.

Foreign fund inflows in retail trading stood at USD 2 billion during April 2000 and December 2019, the data showed. The top countries from where India attracted maximum FDI during the period include Mauritius, Singapore, Japan, Netherlands and the US.

In a separate reply, the minister said total merchandise imports from China were USD 76.3 billion in 2017-18, which decreased to USD 70.3 billion in 2018-19. Total imports from China during 2019-20 (April-January) were USD 57.9 billion, he said.

Trade remedial measures were taken against as many as 89 products like EVA sheets, electrical insulators and Flax yarn against China, the minister informed. Similarly, six countervailing measures and one safeguard steps has been taken against the neighbouring country.

Facebook Comments

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button