Chinese companies have
shown significant interest to invest in India in a wide range of sectors
since the launch of Make in India 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 India has been signed on
cooperation on Industrial Parks in India 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
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
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.