Skip to main content

Industrial investment in Gujarat: Chief minister "contradicts" Narendra Modi's claims

By Satyakam Mehta
Latest Government of Gujarat figures, released in the state assembly by none other the state’s chief minister, Anandiben Patel, go a long way to show that there is something fundamentally wrong with huge claims of a mind-boggling Rs 76 lakh crore during the biennial Vibrant Gujarat business investment summits, starting with 2003.
During the last summit alone, in January 2015, the state government claimed a whopping Rs 25 lakh crore as proposed investment, though no breakup has yet been provided on who invested where. At the earlier summit in 2013, when an investment of Rs 10 lakh crore was announced, the officialdom again refrained from giving detailed figures of who all wishes to invest in Gujarat.
While Prime Minister Narendra Modi called the 2015 summit “Davos in action”, and United Nations secretary-general Ban Ki-moon supported him by saying, "Vibrant Gujarat made the whole world vibrate with dynamism", others too following suit by showering accolades in their own way .
But clearly, as many critics say, statistics are adequate enough to make one sit up and think. Already, many critics have suggested that the cumulative foreign direct investment (FDI) of the entire country through April 2000 to March 2013 added up to Rs 8,96,000 crore, according to figures from the Department of Industrial Policy and Promotion (DIPP).
However, now the Gujarat chief minister herself has let the cat out of the bag. The number thrown up by her as the state's full-time industries minister in an answer to a written question to the just-ended Gujarat assembly session offers a very different picture.
If Patel is to be believed, Gujarat attracted investments of worth Rs 17,100 crore during the financial year 2013-14, which is down by 20 per cent over the previous year’s Rs 21,500 crore.
In fact, official Gujarat figures put together by this correspondent suggest that the cumulative investment over the last five financial years, between 2009-10 and 2013-14, was just Rs 1,03,864 crore. Interesting though it may seem, this investment includes those made by large companies in Gujarat as also micro, small and medium enterprises (MSMEs).
There is nothing to suggest that the investment rose by geometrical proportions. In fact, the figures suggest that there was only a marginal increase in investment in the MSME sector over the years. At the same time, they suggest, there was a sharp fall in investment by large industries. This happened despite huge claims of Gujarat being the most industry-friendly state. In fact, none other than Modi has flagged Gujarat as “the country’s growth engine.”
The chief minister’s figures show that the large units attracted an investment of Rs 4,146 crore in 2013-14 m which was nearly 50 per cent less than 2012-13, when the investment figures were to the tune of Rs 9,165 crore.
A simultaneous perusal of the data released by the DIPP further suggests that the number of investment proposal figures have gone down over the years. Thus, the number of industrial entrepreneur memorandums (IEMs) and letters of intent (LoIs) of Gujarat went down from 544 in 2011 to 354 in 2013, which is a whopping decline to the tune of 35 per cent.
As for the proposed investment in value terms, they came dewn from Rs 1,42,000 crore in 2012 to Rs 94,259 crore.
The DIPP figures also reveal that the trend has been continuing: According to figures available up to July 2014 vis-à-vis the same period in 2013,the investment proposals declined from 223 to 205, and in value terms, the decline was from Rs 61,842 crore to Rs 21,979 crore (64 per cent).

Comments

TRENDING

Rescind Gates Foundation award to Modi, demand three Nobel Peace laureates

Counterview Desk
In a major boost to those opposing the award to the Gates Foundation’s proposed to be awarded to Prime Minister Narendra Modi for his Swacch Bharat Abhiyan, three Nobel Peace Prize laureates, Mairead Maguire (1976), Tawakkol Abdel-Salam Karman (2011) and Shirin Ebadi (2003), have in an open letter called upon Milinda and Bill Gates to withdraw their decision, stating Modi is allegedly involved in human rights violations.

Gujarat's incomplete canals: Narmada dam filled up, yet benefits 'won't reach' farmers

By Our Representative
Even as the Gujarat government is making all out efforts to fill up the Sardar Sarovar dam on Narmada river up to the full reservoir level (FRL), a senior farmer rights leader has said the huge reservoir, as of today, remains a “mirage for the farmers of Gujarat”.
In a statement, Sagar Rabari of the Khedut Ekta Manch (KEM), has said that though the dam’s reservoir is being filled up, the canal network remains complete. Quoting latest government figures, he says, meanwhile, the command area of the dam has been reduced from 18,45,000 hectares (ha) to 17,92,000 ha.
“According to the website of the Sardar Sarovar Narmada Nigam Ltd, which was last updated on Friday, while the main canal, of 458 km long, has been completed, 144 km of ranch canals out of the proposed length of 2731 km remain incomplete.
Then, as against the targeted 4,569 km distributaries, 4,347 km have been constructed, suggesting work for 222 km is still pending. And of the 15,670 km of minor canal…

Report on "torture" in Kashmir jails: 44% detainees stripped naked, 29% electrocuted

Counterview Desk
A recent report titled “Torture: Indian State’s Instrument of Control in Indian-administered Jammu & Kashmir”, published by the Association of Parents of Disappeared Persons (APDP), has claimed to build “on the body of human rights documentation on torture” in Jammu and Kashmir (J&K) through an examination of 432 case studies. It seeks to focus on "the trends and patterns, targets, perpetrators, contexts and impact of torture" in the state.

Ceramic worker dies: 20,000 workers in Thangadh, Gujarat, 'risk' deadly silicosis

By Our Representative
Even as the country was busy preparing for the Janmashtami festival on Saturday, Hareshbhai, a 46-year-old ceramic worker from suffering from the fatal lung disease silicosis, passed away. He worked in a ceramic unit in Thangadh in Surendranagar district of Gujarat from 2000 to 2016.
Hareshbhai was diagnosed with the disease by the GCS Medical College, Naroda Road, Ahmedabad in 2014. He was found to be suffering from progressive massive fibrosis. He is left behind by his wife Rekha sister and two sons Deepak (18) and Umesh (12),
The death of Hareshbhai, says Jagdish Patel of the health rights group Peoples Training and Research Centre (PTRC), suggests that silicosis, an occupational disease, can be prevented but not cured, and the Factory Act has sufficient provisions to prevent this.
According to Patel, the pottery industry in the industrial town of Thangadh has evolved for a long time and locals as well as migrant workers are employed here. There are abou…

Bullet train impact report Japan agency property: Govt of India tells Gujarat NGO

The National High Speed Rail Corporation Limited (NHSRCL) has told Gujarat-based environmental organization, Paryavaran Suraksha Samiti (PSS) that the detailed report of Japanese International Cooperation Agency (JICA) representatives on their visit to Gujarat and Maharashtra assess the impact of the Mumbai-Ahmedabad bullet train project on farmers is not its property, but that of JICA.

NHSRCL letter to PSS, signed by activists Rohit Prajapati, Krishnakant and Swati Desai, comes following the latter’s request to it on June 10 for the report. PSS was one of the NGOs that represented JICA on the project, saying, if implemented, it would adversely impact farmers, even as pointing towards the fact that the project itself is unviable and Indian Railways needs to invest, instead, more on upgrading the present railway infrastructure.
Following the NHSRCL reply, PSS has shot a second letter to JICA, insisting that the latter should share a copy of the report, even as providing details of the …

Karma tribal festival an occasional to campaign for tribal rights: IPMSDL

By Our Representative
The International Indigenous Peoples Movement for Self Determination and Liberation (IPMSDL), in a solidarity statement has suggested that the current Karam festival of Central India -- which seeks to promote sisterhood, friendship, cultural unity, and closer link to nature -- should be the occasion to campaign against alleged efforts to violently drive away forest dwelling communities from their forest homes.
"Millions are threatened to lose lands and livelihood under the implementation of Forest Rights Act (FRA) of 2006", the statement States, adding, "As corporate interests continues to enter tribal territories and extract profit from its natural resources, indigenous people are pushed to further marginalization and discrimination."
Asserting that indigenous movement in India "remains steadfast in keeping their culture, deeply linked to their lands alive by carrying out their heritage and struggles", IPMSDL, even as extending "…

Allow international human rights observers, media to access Kashmir: US lawmakers

Counterview Desk
In a letter to US Secretary of State Mike Pompeo, two members of the American Congress, Pramila Jayapal and James McGovern, raising "significant concerns" about what they call "humanitarian and human rights crisis in Jammu & Kashmir”, quoting "credible reports" from journalists and advocates on the ground" have said that "the Indian government has detained thousands of people with no recourse, imposed de facto curfews on residents' and cut off internet and telephone access in the region.”

Amidst Modi celebrations, thousands protest 'massive' submergence in Narmada Valley

By Our Representative
Thousands of women and men gathered on at the Shaheed Stambh in Badwani, Madhya Pradesh, to raise their voice against what they called "the destruction of the Narmada Valley", protesting against Prime Minister Narendra Modi and Gujarat BJP rulers for celebrating the Sardar Sarovar dam being filled up to the full reservoir level (FRL) on September 17, which also happens to be Modi's birthday.
Calling it a black day for the people of the Valley, whose villages and farms got submerged because of highest-ever water level having been achieved in the dam, the Narmada Bachao Andolan (NBA), which organised the parallel rally across the border with Gujarat, regretted in a statement that Modi's celebration at the dam took place amidst " martyrdom of the Valley".
The demonstration in Badwani was preceded by a vehicles rally, which took rounds of the city streets. They were joined by people from several villages of Dhar district. They gather…

Kandla Port Trust activities 'destroyed' mangroves, affecting rare camel species: NGT

By Rajiv Shah
Taking serious note of large-scale destruction of mangroves on about 750 acres in Bhachau taluka of Kutch district, the National Green Tribunal (NGT), Delhi, has “directed” the Gujarat government, its forest department, and the Gujarat Coastal Zone Management Authority (GSZMA), to “jointly inspect the area” and fix responsibility as to who is “responsible for obstruction of the creeks” next to the Kandla Port Trust (KPT), leading to the damage to the plantations in the area.

Narmada valley: SC notice to Gujarat, MP, M'rashtra on submergence sans rehabilitation

By Our Representative
Thr Supreme Court has issued notice to Gujarat, Madhya Pradesh and Maharashtra governments following a Narmada Bachao Andolan (NBA)-backed petition seeking the explanation as to whether large areas of Narmada Valley have gone into submergence by filling up the Sardar Sarovar dam up to the full reservoir level (FRL) without rehabilitating the project affected families (PAFs).