FDI, Gujarat, growth, DPIIT, IEM
Ahmedabad. There is a few excellent news about Gujarat amid the disaster of corona virus epidemic. Gujarat has recorded the largest enhance in Foreign Direct Investment (FDI) across the country.
According to the newest knowledge launched by the Department for Promotion of Industry and Internal Trade (DPIIT), Gujarat acquired Foreign Direct Investment (FDI) of 42,976 crore in the monetary 12 months 2019-20. This is thrice greater than the determine of 12,618 crore acquired in the final monetary 12 months 2018-19.
Maharashtra achieved unfavorable growth of three% and Tamil Nadu 8% in the final monetary 12 months. Delhi achieved 11 per cent growth and Karnataka noticed 34 per cent growth, whereas Gujarat surpassed all these states by 240 per cent.
Manoj Kumar Das, Principal Secretary, Department of Industries and Mines, stated that the Gujarat authorities has taken a number of steps to assist the business and make investments. These embody labor reforms, vitality reforms, land clearances and many others.