GANDHINAGAR: Regardless of the terrible effects of the Covid-19 outbreak on economic action, Gujarat has again ripped the lion’s share of foreign direct investment (FDI) in the nation, garnering 37 percent of the nation’s FDI from the calendar year 2020-21. The FDI flow to Gujarat through 2020-21stood in 30.24 billion USD. Based on statistics published by the government of India, the total FDI inflow to the nation dropped in 81.72 billion USD — the greatest in one calendar year. Gujarat bagged 37 percent of their overall FDI share followed by Maharashtra (27 percent ) and Karnataka (13 percent ). The FDI inflow at 2019-20 stood in 74.39 billion USD. FDI equity inflow grew by 19 percent from the FY 2020-21 (US$ 59.64 billion) compared to FDI equity inflow of 49.98 billion USD from the last calendar year, i.e 2019-20. Manoj Das, additional chief secretary (ACS) from the chief minister’s office (CMO) and also in-charge ACS, business & mines department stated that it’s a joyful moment for the country to high in FDI once more despite the significant effects of Covid-19 worldwide. “The CM has always focused on appealing policies for businesses from throughout the world that has assisted the country in topping FDI standing once more. Despite not being in a position to arrange Vibrant Gujarat Global Summit this season because of Covid-19, we’ve been able to keep our high rank in getting FDI,”he explained. “The nation has aggressively started an practice of composed over 700 global businesses who wish to alter their production foundation from China or extend elsewhere. We’ve written to all these firms, list down the advantages of investing in Gujarat. We’re optimistic of not just preserving first place in getting FDI, but also raising our share among nations,” Das said.
For 4th Successive year, Gujarat Shirts India’s FDI Graphs
