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Investment data to be cleaned up after overstated jobs claims

The DPIIT figures are in sharp contrast with other official statistics

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DPIIT is planning to do away with the investment proposal form

Dilasha Seth New Delhi
A huge mismatch between the investment proposals of companies and the number of jobs that are really created from these investments, as opposed to the number that is projected, has prompted the government to consider a rejig of how it collects data on industrial investments. 

One single entry highlights why the re-examination is taking place. It relates to Noida-based GEW India, which said in its investment proposal in November 2018 that it estimated it would generate 1.87 million jobs on the back of an investment of just Rs 27 crore in the manufacture of prefabricated steel structures and pre-engineered buildings.