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In 2016-17, the foreign fund inflows aggregated at $60.08 billion, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
She said that to promote FDI, the government has put in place an investor-friendly policy.
"Except for a small negative list, most sectors are open for 100 per cent FDI under the automatic route," she added.
The minister also said that after the abolition of the foreign investment promotion board, the work of monitoring of the compliance of conditions, including the past cases approved by erstwhile FIPB has been assigned to the concerned administrative ministries.
In food processing industries, foreign players have invested $187.9 million during the period.