 "States' issuance of discom bonds has also worried the FPI, and they see it as a potential stress")
Fresh investments attracted by states has grown eight per cent in value during April-December of this financial year as against the comparable period of FY18. The investments are premised on the Industrial Entrepreneurs Memorandum (IEMs) filed.
The proposed investments totaled to Rs 3.35 lakh crore at the end of December 2018 rising from Rs 3.15 lakh crore in the year-ago period. There was a marked increase in the number of IEMs, rising from 1443 to 1735, data sourced from the Department of Industrial Policy & Promotion (DIPP) showed.
Data on investment intentions based on IEMs filed shows a positive trend. “For the
