shine india magazine Published this articles page no 40 The State of Gujarat received the highest FDI worth INR 1.58 lakh crore (USD 21.24 Bn) during Apr-Dec 2020 and during the first six months of 2020-21 it has registered a growth of 550% over the previous year. In FY 2019- 20 Gujarat saw the highest national increment of 240% in FDI inflows from the previous year. It has constantly progressed into a developed economy by focusing on proactive governance transparent and investor-friendly relations robust infrastructure and conducive policies. These factors have immensely supported the grounding of FDI in the state. The total FDI inflow in Gujarat from April 2000 to March 2011 has been worth USD 7.2 billion and the total FDI inflow in Gujarat from April 2011 to December 2020 has been worth USD 40.7 billion. Even in terms of domestic investment which is reflected by the number of Industrial Entrepreneur Memorandums (IEMs) the State stands first in terms of the number of IEMs filed and actual investment reported for 2019. The State accounted for 51% share (1st Rank) of IEMs filed in India in terms of value with a proposed investment of USD 49 Bn in 2019. shine india magazine
Shine india magazine
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