Number of industrial investment proposals at record low in 2020, shows data

The proposed investment in the industrial sector is worth Rs 4.29 trillion, down 36.8 per cent from the Rs 6.79 trillion the previous year (2019).

The number of industrial investment proposals touched a record low in 2020, the pandemic year. And in value terms they were at a three-year low as economic activity came to a standstill during the prolonged lockdown in the quarter ended June.
 
The data for the last quarter of 2020 dashes hopes of any significant improvement in investment sentiment with proposals sharply lower than in the previous year.
 
During the year, 1,441 investment proposals in the industrial sector were filed, which is 40 per cent lower than the 2,385 of 2019, according to the data with the Department for