December 12, 2018
Record increase in foreign investment in Bangla
The Bangla Government’s industry-friendly approach is bearing fruit. As per the latest report of the Central Government’s Department of Industrial Policy and Promotion (DIPP), compared to FY 2017-18, foreign investment inflow in Bengal in the first quarter (April to June) of FY 2018-19 has witnessed a rise of 177.57 per cent.
This is the highest percentage change in foreign investment inflow among all the States. The data has been derived from the Reserve Bank of India (RBI). The nearest rival to Bangla was Andhra Pradesh, which though saw a percentage increase of only 21.59 per cent.
The other three States in the top five in inflow of FDI, on the other hand, saw a percentage decrease – Karnataka of 78.66 per cent, Gujarat of 79.21 per cent and Maharashtra of 81.27 per cent.
These numbers prove that Chief Minister Mamata Banerjee led Trinamool Congress Government is performing much better in comparison to the rest of India. Investors, both from India and outside, are very bullish about the State’s prospects.
The government is looking forward to another successful Bengal Global Business Summit next year, from February 7 to 8, 2019.