Ministry of Textiles07-August, 2014 17:24 IST
Foreign Direct Investment in Textiles Sector

 

The details of Foreign Direct Investment (FDI) in textile sector from April 2010 to June, 2013 are given in Annexure. The State/UT-wise details are not compiled.

No evaluation/study has been conducted on the effect of FDI on the growth of textile sector. However, the impact of FDI on the overall development of the sector is felt by way of technical knowhow, new products in domestic market and increase in exports.

Various labour laws including Minimum Wages Act being implemented by the State Governments to ensure that the interest of workers including those engaged in textile sector is protected.

Annexure

 

FINANCIAL YEAR-WISE BREAK-UP OF INFLOW OF FOREIGN DIRECT INVESTMENT (FDI) EQUITY IN INDIA

 (Amount in Billion)

Financial Year

IN FLOW OF FDI IN INDIA

Total (All Sector)

Textiles ( Including Dyed, Printed)

 

In Rs.

In US$

In Rs.

In US$

 

2009-2010

1231.20

25.83

7.15

0.150

 

2010-11

885.20

19.43

5.89

0.130

 

2011-12

1739.46

36.50

8.05

0.164

 

2012-13 (Apr-Jun)

238.20

4.43

1.75

0.033

 

Source: Department of Industrial Policy & Promotion, Ministry of Commerce and Industry,         Government of   India.

 

The information was given by the Minister of State (Independent Charge) in the Ministry of Textiles Shri Santosh Kumar Gangwar in a written reply in Lok Sabha today.

 

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(Release ID :108284)