“Gujarat is a policy-driven state. To create an enabling environment, the state government has launched policies and schemes incentivising investors for future growth including the Industrial Policy 2020, Integrated Logistics & Logistics Park Policy, Electric Vehicle Policy, Solar Energy Policy, and Tourism and Textiles policy 2021,” said Minister of State of Gujarat for Industries Jagdish Panchal in Kolkata on Wednesday.
A high-level team, led by Panchal, held a roadshow in Kolkata as part of the forthcoming 10th edition of Vibrant Gujarat Global Summit (VGGS) 2022 scheduled from 10 to 12 January. The minister was accompanied by Roopwant Singh, IAS, Commissioner of Geology and Mining, and other senior officials from the Gujarat government. Addressing a packed hall of dignitaries, the minister said: “India has registered remarkable socio-economic development under the leadership of Prime Minister Narendra Modi and evolved into a dynamic country with a strong standing across the world.” He cited the initiatives undertaken by the Centre ncluding the Prime Minister’s Gati Shakti Master Plan, Production Linked Incentive (PLI) scheme, transparent and predictable tax system, reducing compliance burden, Ease of Doing Business and Ease of Living, and Make in India.
Commenting on the mega projects of Dholera SIR and GIFT City, Panchal said: “Gujarat’s next wave of growth will be driven by these two mega industrial infrastructure projects. The GIFT City hosts India’s maiden International Financial Service Centre (IFSC) Authority, along with an International Bullion Exchange. It offers unified banking, insurance, offshoring, and capital markets services.” “On the other hand, Dholera SIR is India’s largest greenfield industrial investment region and India’s first greenfield industrial smart city. Dholera offers infinite possibilities of growth with advanced and sustainable infrastructure, superior connectivity, a framework for autonomy, fast-track, approvals, and more. There’s no better place to leap forward,” he said.
Singh informed that Gujarat attracted the highest Foreign Direct Investment (FDI) worth US$ 21.9 billion (Rs 1.63 lakh crore) or 37% of the total FDI equity inflows in India in FY21.
The Gujarat delegation also had one-on-one meetings with business and industry leaders from various companies. The roadshow received an enthusiastic response from the business community, indicative of new possibilities of investments coming to Gujarat.