Gujarat way ahead in investment inflows
With Rs85,491-cr industrial entrepreneurial memorandums (IEMs) this year till July, Gujarat accounts for 27.5% of total investment in India as against its previous tally of Rs92,566 cr with 12% share in previous corresponding period
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- 738 IEMs worth investment of R310,832 cr filed in 7mths of 2022
- Theses proposals expected to generate 2,32,656 jobs
- Maharashtra's share declined
- MS received IEMs worth Rs22,810 cr (7.34%) as against Rs2,77,335 cr (36%) in 2021
- Odisha, Karnataka account for 21% and 19.5% respectively
- No other State got IEMs accounting for 10% of total investments
New Delhi: In this calendar year till the end of July, 738 industrial entrepreneurial memorandums (IEMs) were filed with the total proposed investment of R310,832 crore, over a quarter of which were filed in Gujarat. As many as 232,656 jobs are projected to be generated from this investment, official sources told Bizz Buzz.
In the calendar year 2021, 1,489 IEMs were filed with the total proposed investment of Rs 771,428 crore. Employment generation was 1,285,225.
This year, Gujarat has dominated the industrial scene, attracting IEMs worth Rs85,491 crore, or 27.5 per cent of total investment, in the country. The corresponding figures for the last calendar year were Rs92,566 crore and 12 per cent.
While Gujarat has galloped, Maharashtra has declined. While IEMs worth Rs 277,335 crore, or 36 per cent of the total investment, were filed in Maharashtra in 2021, the figures have come down to Rs22,810 crore (7.34 per cent) in the first seven months of 2022.
Orissa has done well. In 2021, IEMs summed to Rs137,939 crore (17.9 per cent). Till July it got IEMs worth Rs 65492 crore (21 per cent).
Karnataka is another State, which has attracted a lot of industrial investment. It got IEMs with a total investment of Rs 60569 per cent (19.5 per cent). No other state got IEMs of 10 per cent of the total investments.
All industrial undertakings in the de-industrialized sectors are stipulated to file IEMs to report commencement of commercial production.
For decades, governments in our country have been trying to boost manufacturing. The Narendra Modi government launched a major national programme called Make in India in 2014. The objective was to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build best in class manufacturing infrastructure in the country.
"I want to tell the people of the whole world: Come, make in India. Come and manufacture in India. Go and sell in any country of the world, but manufacture here. We have skill, talent, discipline and the desire to do something. We want to give the world an opportunity that come, Make in India," Modi said, while introducing the programme in his maiden Independence Day speech from the ramparts of the Red Fort on August 15, 2014. The initiative was formally introduced on September 25, 2014, by Modi at Vigyan Bhawan, New Delhi, in the presence of business giants from India.
