Gujarat received FDI worth Rs 2.39 lakh crore between Oct 2019 and Mar 2023

Amid declining global foreign direct investment (FDI), Gujarat received FDI worth Rs 2.39 lakh crore or $31 billion between October 2019 and March 2023 and is among the top Indian states in attracting FDI, according to an official release. Gujarat has consistently been ranked in the list of top 10 states as far as FDI investments are concerned. The state saw a rise of nearly 84 per cent in FDI in 2022-23 compared to the previous year, which was the highest among all the states and Union Territories, as per the website of Vibrant Gujarat Global Summit. 

“Gujarat accounted for 30 per cent of the total Industrial Entrepreneur Memorandum or IEMs implemented (Rs 1.04 lakh crore) in 2021, which was also the highest among all the states and UTs,” said the website.
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 licenses, 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, according to the release.

With PTI Inputs