Despite the terrible impact of the Covid-19 pandemic on economic activity, Gujarat has yet again bagged the lion’s share of foreign direct investment in the country, garnering 37% of the country’s FDI in the year 2020-21. The FDI flow into Gujarat during 2020-21stood at 30.24 billion USD.
According to data released by the government of India, the total FDI inflow into the country stood at 81.72 billion USD — the highest in a single year.
Gujarat bagged 37 % of the total FDI share followed by Maharashtra (27%) and Karnataka (13%). The FDI inflow in 2019-20 stood at 74.39 billion USD.
FDI equity inflow grew by 19% in the FY 2020-21 (US$ 59.64 billion) as compared to the FDI equity inflow of 49.98 billion USD in the previous year, i.e 2019-20.
Manoj Das, additional chief secretary in the chief minister’s office and in-charge ACS, industry & mines department said that it is a proud moment for the state to top in FDI once again despite the major impact of Covid-19 globally.
“The CM has constantly focused on attractive policies for industries from across the globe which has helped the state in topping FDI ranking once again. Despite not being able to organize Vibrant Gujarat Global Summit this year due to Covid-19, we have managed to maintain our top rank in receiving FDI-,”he said.
“The state has aggressively begun an exercise of welcoming over 700 global companies who want to shift their manufacturing base from China or expand elsewhere. We have recently written to these companies, listing down the benefits of investing in Gujarat. We are hopeful of not only maintaining first position in receiving FDI, but also increasing our share among states,” Das said.