According to Johnson and Johnson's statement, this represents a 25 per cent increase in investment compared to the previous four years and builds upon the Company's already elevated US investment levels resulting from the passage of the 2017 Tax Cuts & Jobs Act.
"Gujarat contributes 8.3 per cent, approximately USD 282 Billion, to India's GDP," Vishwakarma said while addressing the Hyderabad roadshow, adding that the state has garnered a cumulative FDI of USD 55 Billion from 2002-2022.
India will need to invest USD 840 billion over the next 15 years, or an average of USD 55 billion per annum, into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population, according to a World Bank report.