The Government is constantly taking various initiatives to boost investment in the economy, including economically backward area, which, inter-alia, include; measures to improve ease of doing business, comprehensive reforms in the Foreign Direct Investment (FDI) Policy, various facilitation measures under the flagship programmes like Make-in-India, Start-up India, reduced Corporate Tax rate of 25 per cent for companies with turnover up to Rs. 250 crore, launch of a support and outreach program for helping the growth, expansion and facilitation of Micro, Small and Medium Enterprises (MSME) Sector etc. Further, various steps relating to developing instruments and institutions to attract investment into infrastructure; mainstreaming Infrastructure Investment Trusts (InvITs)/ Real Estate Investment Trusts (REITs); periodic review of the Harmonized Master List of Infrastructure Sub-sectors, have also been taken. Activation of the National Investment & Infrastructure Fund (NIIF) has also led to greater availability of capital for investment in the infrastructure sector.

A Statement indicating details on FDI, FPI and Gross Capital Formation for the last five years is at Annexure-I.

For enhancing investment in the Bundelkhand region, action for setting-up of a Defence Industrial Corridor, as announced in Budget 2018, has been initiated. For this, six nodal points in the cities of Agra, Aligarh, Chitrakoot, Jhansi, Kanpur and Lucknow have been identified.

This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha

Annexure-I

Detail on FDI and FPI for the last five financial years:

Amount in USD Million

*(-) negative sign denotes greater outflows than inflows

Gross Capital Formation (GCF)*

(in Rs. crores)

*Source Statement 1.1 & 1.2, Press Note on First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for 2017-18 published on 31.01.2019.

**Excludes Valuables