Foreign investment of 1.19 lakh crore rupees came to Gujarat with 53% FDI in the country

Gandhinagar, 20 March 2021

Gujarat has the highest foreign capital investment of Rs 1.19 lakh crore in the country. Investments in the state have been made during the six-month corona period i.e. April 2020 to September 2020. Which is 53% of the total FDI of the country.

According to the NITI Aayog report, Gujarat ranks first in the country in exports. Which is 23% of the country’s total exports. Apart from this, Gujarat is also number one in the country in start-ups and logistics. Gujarat ranks first in the country with 17% share in industrial production.

The state has the lowest unemployment rate i.e. only 3.4%.

For bulk drug parks and medical equipment parks, Rs. 25 crores has been provided.

FDI inflows have increased by 540% in the year 2020-21 as compared to the previous year. The reason for this is the increase in domestic investment and in particular the number of “Industrial Entrepreneur Memorandum” (IEMs). Gujarat ranks in the top two in both investment and implementation of IEM. In addition, the MSME Failure Act has given a relaxation of 3 to 5 years to all new entrants to “Medium and Small Enterprises” (MSMEs), who are seeking the approval of the state government.

Through 48 major ports, the state has exported goods to more than 185 countries of the world. More than 120 products from 33 districts of the state have also been selected to promote the export of goods and commodities.

A multi-modal logistic park is being constructed on 1450 acres near Ahmedabad. It will be the largest multi-model logistic park in the country. About Rs 50,000 crore will be invested in the construction of this park.

The Indian Institute of Skills (IIS) is being established near Ahmedabad. The institute will provide skill-based courses including Artificial Intelligence, Cyber ​​Security, Advanced Manufacturing, Factory Automation, Big Data Analytics. From here about 5000 students will pass every year by cultivating the necessary skills.

The Government of Gujarat has formulated a new Industrial Policy 2020. Which will further accelerate the state’s current growth rate. Start-ups will be helped with soft-skills so that they can expect to advance globally.

The Government of Gujarat wants to give special encouragement to those industries who want to come to Gujarat from other countries or states. However this incentive will be case-to-case based.

The Dholera Greenfield Airport Project will be operational by October 2023 at a cost of Rs 987 crore. In the first phase, the airport will have a runway capacity of 3200 meters and a capacity of 3.5 million passengers.

The re-development project of Gandhinagar railway station consists of a railway station, a 318-room five-star hotel, the Mahatma Mandir Convention Exhibition and a helipad exhibition ground. Which will be implemented jointly by the Government of Gujarat and the “Gandhinagar Railway and Urban Development Corporation Limited” (GARUD-Garud) with the participation of the Government of Gujarat and Ministry of Railways 74:26 respectively. This was said by Minister Saurabh Patel. (translated from Gujarati)