India receives $22 million FDI from China in software, electronics sector

The Dollar Business Bureau

India has received $22.47 million foreign direct investment (FDI) from China in its computer software, electronics and telecommunications sectors between April 2000 and September 2016, Parliament was informed on Wednesday.

"As per the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, the total FDI inflows from April 2000 to September 2016 in computer software, electronics and telecommunications sectors from China is of the order of $22.47 million," MoS for Electronics and Information Technology P P Chaudhary said in a written reply to the Lok Sabha.

Chaudhary said India received $12.92 million FDI into computer software and hardware from China, while investments in electronics and telecommunications stood at $8.37 million and $1.18 million from the country.

Replying to another query, the MoS said India’s import of electronics and telecom equipment has increased to 40.93 billion in 2015-16 from $33.23 billion in 2013-14.

"It stood at $19.61 billion in the first six months of fiscal 2016-17," Chaudhary added.

Meanwhile, China’s share has grown from 51% in 2013-14 to 53% in 2015-16. It stood at 58% between April-September 2016.