Gujarat FDI: Gujarat got FDI worth Rs 2.39 lakh crore from Oct 2019 to March 2023; among top states: Officials

Gujarat has acquired overseas direct funding value Rs 2.39 lakh crore or $31 billion between October 2019 and March 2023 and is among the many high Indian states in attracting FDI, in line with an official launch. FDI in Gujarat has elevated persistently through the years because of the efforts of the state authorities and the Vibrant Gujarat International Summit (VGGS) has performed a vital position in attaining it, the discharge stated.

The tenth version of the biennial VGGS is scheduled to be held in January subsequent yr in Gandhinagar.

Officers stated Gujarat is among the many high funding locations within the nation and has acquired FDI value Rs 2.39 lakh crore ($31 billion) from October 2019 to March 2023.

The state noticed an increase of almost 84 per cent in FDI in 2022-23 in comparison with the earlier yr, which was the very best amongst all of the states and Union Territories, as per the web site of VGGS.

“Gujarat accounted for 30 per cent of the entire Industrial Entrepreneur Memorandum or IEMs applied (Rs 1.04 lakh crore) in 2021, which was additionally the very best amongst all of the states and UTs,” stated the web site.

With its “excellent infrastructure, connectivity, and certified workforce”, the state authorities has been placing in efforts to enhance the enterprise local weather in Gujarat underneath the “Ease of Doing Enterprise” initiative, officers stated. This consists of organising of investor facilitation portal, on-line issuance of approvals and licences, digitised land financial institution and self-certification, they stated, including that the state is coursing on the trail of improvement and creating new patterns of progress and prosperity.

Whereas there have been no companion nations within the earlier editions of the colourful Gujarat summit, by 2019, the mega buyers’ meet had seen the participation of 15 companion nations, stated the discharge.