FDI up 60% to Rs 5.3 lakh crore after Make in India launch: Govt

FDI went up 60 % to $ 77.86 billion (around Rs 5.3 lakh crore) after the launch of Make in India initiative in September 2014, the government on Monday said.

Commerce and Industry Minister Nirmala Sitharaman said that after the launch of this initiative, there has been an "unprecedented" increase in FDI into the country. "During the period October 2014 to September 2016, total FDI equity inflows of $ 77.86 billion was recorded as against $ 48.47 billion (around Rs 3.3 lakh crore) received during the preceding 24 months with an increase of 60 %," she said in a written reply to the Lok Sabha.

Make in India was launched with an aim to promote India as an important investment destination and a global hub for manufacturing. Replying to a separate question, she said a total of 19,666 complaints were received by the National Consumer Helpline during April-October this year. In 2015-16, this number was 23,955.

"24 e-commerce companies were incorporated/registered in India during the last two years (2014-15 and 2015-16)," she added. To a query on rubber, the minister said there is no plan to fix minimum support price for the commodity.