March 19, 2019
Foreign investment in Bangla increases 25 times in 2 years, says RBI data
The Reserve Bank of India (RBI) has published the latest data on foreign direct investment in the States. According to that data, foreign investment in Bangla has increased by almost 25 times over the last two years.
In FY 2016-17, the foreign investment flow to Bangla was Rs 332 crore. And for the period April-December 2018, that number had increased to Rs 8,121 crore. Therefore, there has been a 24.46 times increase in foreign investment inflow.
Not just that, the year-on-year increase has also been telling. In FY 2017-18, the foreign investment flow to Bangla was Rs 1,409 crore. Hence, the jump from FY 2016-17 to 2017-18 was by 4.24 times, and from 2017-18 to April-December 2018-19 was by 5.76 times.
And the financial year 2018-19 is not yet over. Therefore, there would be a further increase in foreign investment, what with so many deals signed during the Bengal Global Business Summit in February.
In the micro, small and medium enterprises (MSME) sector too, Bangla has been among the top States over the last few years. Currently, 1.36 crore people are employed by 90 lakh MSME units, including textile units. Among all the States, Bangla is number one in terms of MSME credit lending.