2.3.3. Investment

♤ Investment flows are also substantial both ways:

♤ With ASEAN accounts for approximately 12.5% of investment flows into India since 2000.

♤ FDI inflows into India from ASEAN between April 2000 to August 2017 was about US$

514.73 billion,

♤ FDI outflows from India to ASEAN countries, the from April 2007 to March 2015, as per data maintained by DEA, was about US$38.672 billion.

♤ The final agreement on ASEAN-India Free Trade Area signed on was on 13 August 2009. The free trade area came into effect on 1 January 2010. ASEAN-India Free Trade Area has been completed with the entering into force of the ASEAN-India Agreements on Trade in Service and Investments on 1 July 2015.

♤ India has setup Project Development Fund with a corpus of INR 500 crores to develop manufacturing hubs in CLMV countries at the 13th ASEAN India Summit held in Malaysia in November 2015.