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FDI Inflows Totaled $54.1 Billion from April to November in FY22, says Govt to Lok Sabha

The Indian Parliament was notified on Wednesday that India got $54.1 billion in foreign direct investment from April to November 2021-22. During the period, computer software and hardware attracted the most investment, totalling $9.06 billion, followed by the vehicle sector at $5.84 billion and the services sector at $4.94 billion, according to commerce and industry minister Piyush Goyal.

The government informed the Lok Sabha that the number of start-ups recognised in the previous three fiscal years was 54,181 as of January 31, 2022.

In a separate reply, Minister of State for commerce and industry Som Parkash said that as on January 31, 2022, Rs 6,495 crore has been committed by the Fund of Funds for Startups Scheme to 80 Alternative Investment Funds which in turn have committed investments of Rs 8,696 crore in 568 startups. Also, Rs 250.75 crore has been approved as grant to 63 incubators under the Startup India Seed Fund Scheme, he said.

The import of toys, games, sports equipment is exhibiting a declining trend both from China and the world, Parliament was informed on Wednesday. In order to restrict the import of substandard toys, the Government has issued Toys (Quality Control) Order, 2020 through which toys have been brought under compulsory Bureau of Indian Standards(BIS) certification.

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