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Chinese investment undermake in India

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Chinese   companies have shown significant interest to invest in in a wide range of sectors since the launch of Make in campaign.  As per data maintained by DIPP/RBI, between April,2000 and December,2016, cumulative FDI inflows from China were INR 9,933.87 crores. Of the cumulative FDI equity inflows, 77.9% have been received since 2014 as detailed below  :-

    2014-2015                :    INR 3,066.24 Crores
    2015-2016                :    INR 2,975.14 Crores
    2016-2017(till December,2016)     :    INR 1,696.96 Crores

    An MoU between the Ministry of Commerce of the People’s Republic of China and Ministry of Commerce & Industry of has been signed on cooperation on Industrial Parks in on 30th June,2014 in Beijing. 

    Pursuant thereto, Joint Working Group (JWG) of the Indian side was constituted on 16th July,2014 to act as the nodal point to identify and agree upon the detailed modalities for implementing cooperation under the said agreement, and to periodically review progress.   Three JWG meetings have so far been held. The last meeting of JWG was held on 2.11.2016 at Beijing, China.  It was decided during the meeting that both sides will encourage all stakeholders to expedite the implementation for which all necessary facilitation would be provided. 

    Following MoUs have so far been signed between Indian State Government Agencies and Chinese Investors for development of Industrial Parks in States :-
a.    MoU between Maharashtra Industrial Development Corporation (MIDC), Govt.     of Maharashtra and Beiqi Foton Motors, China for Auto Industrial Park in     Pune;
b.     MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat and     China Development Bank Corporation (CDB), China for supporting the setting     up of Industrial Parks in Gujarat;
c.    MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat and     China Small and Medium Enterprises (Chengdu) Investment Limited (CSME)     to set up multi-purpose Chinese Industrial Park in Gujarat;
d.     MoU between HSIIDC, Govt. of Haryana and  Dalian Wanda Group for     development of an integrated Entertainment Park-cum-Industrial township in     Haryana;
e.    MoU between HSIIDC, Govt. of Haryana and  China Fortune Land     Development (CFLD) for development of an Industrial Park in Haryana.

    This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
 


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Chinese investment undermake in India

Chinese investment undermake in India
Chinese investment undermake in

Chinese   companies have shown significant interest to invest in in a wide range of sectors since the launch of Make in campaign.  As per data maintained by DIPP/RBI, between April,2000 and December,2016, cumulative FDI inflows from China were INR 9,933.87 crores. Of the cumulative FDI equity inflows, 77.9% have been received since 2014 as detailed below  :-

    2014-2015                :    INR 3,066.24 Crores
    2015-2016                :    INR 2,975.14 Crores
    2016-2017(till December,2016)     :    INR 1,696.96 Crores

    An MoU between the Ministry of Commerce of the People’s Republic of China and Ministry of Commerce & Industry of has been signed on cooperation on Industrial Parks in on 30th June,2014 in Beijing. 

    Pursuant thereto, Joint Working Group (JWG) of the Indian side was constituted on 16th July,2014 to act as the nodal point to identify and agree upon the detailed modalities for implementing cooperation under the said agreement, and to periodically review progress.   Three JWG meetings have so far been held. The last meeting of JWG was held on 2.11.2016 at Beijing, China.  It was decided during the meeting that both sides will encourage all stakeholders to expedite the implementation for which all necessary facilitation would be provided. 

    Following MoUs have so far been signed between Indian State Government Agencies and Chinese Investors for development of Industrial Parks in States :-
a.    MoU between Maharashtra Industrial Development Corporation (MIDC), Govt.     of Maharashtra and Beiqi Foton Motors, China for Auto Industrial Park in     Pune;
b.     MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat and     China Development Bank Corporation (CDB), China for supporting the setting     up of Industrial Parks in Gujarat;
c.    MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat and     China Small and Medium Enterprises (Chengdu) Investment Limited (CSME)     to set up multi-purpose Chinese Industrial Park in Gujarat;
d.     MoU between HSIIDC, Govt. of Haryana and  Dalian Wanda Group for     development of an integrated Entertainment Park-cum-Industrial township in     Haryana;
e.    MoU between HSIIDC, Govt. of Haryana and  China Fortune Land     Development (CFLD) for development of an Industrial Park in Haryana.

    This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
 


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Chinese investment undermake in India

Chinese investment undermake in

Chinese   companies have shown significant interest to invest in in a wide range of sectors since the launch of Make in campaign.  As per data maintained by DIPP/RBI, between April,2000 and December,2016, cumulative FDI inflows from China were INR 9,933.87 crores. Of the cumulative FDI equity inflows, 77.9% have been received since 2014 as detailed below  :-

    2014-2015                :    INR 3,066.24 Crores
    2015-2016                :    INR 2,975.14 Crores
    2016-2017(till December,2016)     :    INR 1,696.96 Crores

    An MoU between the Ministry of Commerce of the People’s Republic of China and Ministry of Commerce & Industry of has been signed on cooperation on Industrial Parks in on 30th June,2014 in Beijing. 

    Pursuant thereto, Joint Working Group (JWG) of the Indian side was constituted on 16th July,2014 to act as the nodal point to identify and agree upon the detailed modalities for implementing cooperation under the said agreement, and to periodically review progress.   Three JWG meetings have so far been held. The last meeting of JWG was held on 2.11.2016 at Beijing, China.  It was decided during the meeting that both sides will encourage all stakeholders to expedite the implementation for which all necessary facilitation would be provided. 

    Following MoUs have so far been signed between Indian State Government Agencies and Chinese Investors for development of Industrial Parks in States :-
a.    MoU between Maharashtra Industrial Development Corporation (MIDC), Govt.     of Maharashtra and Beiqi Foton Motors, China for Auto Industrial Park in     Pune;
b.     MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat and     China Development Bank Corporation (CDB), China for supporting the setting     up of Industrial Parks in Gujarat;
c.    MoU between Industrial Extension Bureau (iNDEXTb), Govt. of Gujarat and     China Small and Medium Enterprises (Chengdu) Investment Limited (CSME)     to set up multi-purpose Chinese Industrial Park in Gujarat;
d.     MoU between HSIIDC, Govt. of Haryana and  Dalian Wanda Group for     development of an integrated Entertainment Park-cum-Industrial township in     Haryana;
e.    MoU between HSIIDC, Govt. of Haryana and  China Fortune Land     Development (CFLD) for development of an Industrial Park in Haryana.

    This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
 


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22