Total foreign direct investment (FDI) the country received was $54.1 billion in April-November 2021-22, down from $81.97 billion received in the corresponding period of the previous fiscal, the government said. government informed parliament on Wednesday.
Total foreign direct investment consists of equity inflows, profits reinvested and other capital.
Foreign direct investment inflows play an important role in increasing domestic capital and helping to promote industrial development and generate employment in various sectors and industries, Commerce Minister Piyush Goyal said in a written response to a question in Lok sabha.
In a separate response, the minister said that on January 31, 16,737 startups were recognized by the ministry.
In another response to a question in the Lok Sabha, the junior trade minister Som Parkash said to provide seed capital through approved incubators in all sectors and areas, the Startup India Seed Fund Scheme was launched by the Department for Promotion of Industry and Internal Trade. (DPIIT) on April 16, 2021.
As of December 31, 2021, Rs 232.75 crore has been approved as a grant to 58 incubators, and 146 startups have been funded by such approved incubators, he added.