Gujarat attracts FDI worth Rs 2.39 Lakh crore, among top states

Gujarat has emerged as a frontrunner in attracting Foreign Direct Investment (FDI) over the period spanning October 2019 to March 2023, with an influx of a staggering Rs 2.39 lakh crore into the state, according to official reports.FDI in Gujarat has increased consistently over the years due to the efforts of the state government and the Vibrant Gujarat Global Summit (VGGS) has played a crucial role in achieving it, the release said. The 10th edition of the biennial VGGS is scheduled to be held in January next year in Gandhinagar.
With its "outstanding infrastructure, connectivity, and qualified workforce", the state government has been putting in efforts to improve the business climate in Gujarat under the "Ease of Doing Business" initiative, officials said.This includes setting up of investor facilitation portal, online issuance of approvals and licences, digitised land bank and self-certification, they said, adding that the state is coursing on the path of development and creating new patterns of progress and prosperity.
While there were no partner countries in the earlier editions of the vibrant Gujarat summit, by 2019, the mega investors' meet had seen the participation of 15 partner countries, said the release.The state's proactive policies, investor-friendly environment, and robust infrastructure have played pivotal roles in enticing such substantial foreign investments. Gujarat's strategic geographical location, well-established ports, and efficient logistics have further amplified its appeal across various sectors, including manufacturing, infrastructure, renewable energy, and technology.

(Ira Singh, Asstt Editor, Gandhinagar)