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

In 2018-19, FDI in the sector was aggregated at $2.18 million, according to the data

Press Trust of India  |  New Delhi 

FDI, foreign investment
Illustration: Ajay Mohanty

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

In 2018-19, in the sector was aggregated at $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 $2 billion during April 2000 and December 2019, the data showed.

The top countries from where India attracted maximum during the period include Mauritius, Singapore, Japan, Netherlands and the US.

In a separate reply, the minister said total merchandise imports from China were $76.3 billion in 2017-18, which decreased to $70.3 billion in 2018-19.

Total imports from China during 2019-20 (April-January) were $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.

First Published: Wed, March 04 2020. 18:58 IST
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