FDI: Gujarat tops 51% IEM in the nation, 262 foreign companies start operations

FDI, Gujarat, IEM, M Ok Das, govt, DPIIT

Ahmedabad. Gujarat has achieved one other milestone by attaining the highest 51% IEM in the whole nation underneath the Industrial Entrepreneurs’ Memorandum for Industrial Investment (IEM). Gujarat, with 5 p.c of the nation’s inhabitants, has been main the method for industrial funding, with greater than half of the nation in letters of intent.

Principal Secretary, Department of Industries and Mines Manoj Kumar Das stated that Gujarat can be amongst the high states in the nation with an excellent margin in home funding. 262 foreign companies began their operations in Gujarat from April 1, 2019 to September 30, 2019. Many foreign companies have proven nice curiosity in investing in Gujarat.

The scope of Ease of Doing Business has been elevated to encourage industries in extra proof in the state, whereas additionally efficiently implementing single window clearance. This has led to a rise in this funding. The state has invested in vital sectors equivalent to car trade, heavy trade, chemical and prescription drugs and repair sectors. Apart from this, the state authorities has additionally constituted a excessive stage committee to make the economic system higher.

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