These 5 sectors failed to attract any FDI

India failed to attract foreign direct investments (FDIs) in five sectors in April-December period.

The sectors are defence, ports, coal, photographic raw film and paper and coir.

As per data shared by Commerce and Industry Minister Nirmala Sitharaman, except for defence industries, the other four sectors had not received any FDI in 2015-16 either.

Last year, the government relaxed FDI norms in several sectors including defence. India imports 70 per cent of its military hardware from different countries.

As per the current policy, foreign investment beyond 49 per cent has been permitted in the defence sector through the approval route in cases resulting in access to modern technology in the country or for other reasons.

However, the sectors which have attracted maximum FDI in the April-December period of this fiscal include services (USD 7.5 billion), trading (USD 2 billion), metallurgical industries (USD 1.25 billion), electrical equipment (USD 2 billion), telecommunications (USD 5.54 billion) and computer hardware & software (USD 1.81 billion).

During the 9-month period of 2016-17, India attracted a total of USD 35.84 billion in foreign inflows.