Commerce and industry minister Piyush Goyal said in a written reply that in the same time period, 2,783 foreign companies registered with liaison/branch office/project office and their subsidiaries closed their operations in India for various reasons such as completion of business objectives/ projects, restructuring by parent company, amalgamation, and other management decisions. There are 12,458 active subsidiaries of foreign companies as on November 30.
Rs 14.9 lakh crore worth of export invoice amount for less than nine months is outstanding while Rs 13.5 lakh crore are outstanding for more than nine months, Parliament was informed. Rs 9.9 lakh crore is the outstanding export invoice amount for more than 15 months, as on December 2, the government said citing Reserve Bank of India data. Moreover, Rs 79.53 crore is the total amount settled by Export Credit Guarantee Corporation on various default payments to banks under Export Credit Insurance Cover for Banks from in April-September FY22.
Exports of medical equipment and pharmaceuticals registered a 10% and 18.19% growth, respectively, during the Covid period of FY21 as against FY20. Exports of medical equipment such as Consumer Durables, Electronics equipment, Implants, IVD Reagents, Surgical Instruments was $2532.16 million in FY21 while $24.4 billion of pharmaceuticals including Ayush & herbals, bulk drugs & drug intermediates, drug formulations & biologicals, surgicals were exported last fiscal.
The government told Parliament that the expected natural rubber consumption for FY22 is 12.4 lakh tonne. The largest consumer of rubber is tyre sector and that no sharp fall in natural rubber production is envisaged due to heavy rain this year. The import of natural rubber during FY22 is projected at 4.2 lakh tonne.
Minister of state for commerce and industry Som Parkash said that out of the 58,000 plus recognised startups, 46% of them have at-least one-woman director. Under the Startup India Seed Fund Scheme as on December 6, 55 women-led startups have been sanctioned financial assistance, out of which 4 startups are from Telangana. Out of these 55 startups, 30 startups have been approved funds of Rs 1.948 crore. Also, under Fund of Funds for Startups Scheme, as December 6, for 83 women led startups, Rs 1046.05 crore has been invested by the AIFs supported under the scheme.
Under the Covid-19 Startup Assistance Scheme (CSAS), an aggregate amount of Rs 21.68 crore has been sanctioned to 14 startups. The CSAS scheme was launched by SIDBI on April 6, 2020 for a limited period of 30 days only, after which the acceptance of applications under the said scheme was closed. Currently, no loan is being provided under the CSAS, Lok Sabha was told.
Minister of state (independent charge) for statistics and programme implementation Rao Inderjit Singh told Lok Sabha that his ministry was allocated Rs 2,200 crore for release of pending installments under MPLADS, on March 23, for utilization of entire fund up to March 31, subject to the condition that first priority to be given for the release of pending instalments of FY20.
“The ministry put its best efforts and processed all eligible cases for which relevant documents were received from the Nodal District Authorities and successfully released Rs 1107.5 crore upto March 31,” he said, adding that finance ministry allotted Rs 1,172.5 crore in May for the release of pending instalments of FY20.
Government informed Parliament that Tamil Nadu, Punjab, Odisha, Andhra Pradesh, Gujarat, Rajasthan, Assam, Karnataka, Madhya Pradesh and Telangana have expressed interest to setup PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks.