Vibrant Gujarat Global Summit 2024: ‘Rising Gujarat’ as an investment destination for the world
To this effect, the state of Gujarat’s success story is one of the most dynamic ones to have taken place in 21st-century India. Gujarat accounts for 8.3 percent of India’s GDP, 18 percent of industrial output, and 33 percent of exports, its Gross State Domestic Product (GSDP) has grown from Rs 1.42 lakh crore to Rs 22.61 lakh crore in the last two decades and the future outlook for the state continues to look incredibly positive across sectors.
What makes Gujarat a rising state for investments?
Business-friendly policies, robust physical, social, and industrial infrastructure and a quality workforce have helped Gujarat achieve the feat of becoming a vibrant state for investments. Consequently, several sectors such as manufacturing, infrastructure, tourism, healthcare, and textiles, have flourished in the last two decades, making it home to over one hundred Fortune 500 companies and over 13 lakh MSMEs.
In 2022, Gujarat became the first state to implement the Semiconductor Policy in the country. Deemed as the ‘Most Preferred Destination’ in the production of semiconductor and display fab, this will only enable a further boost to its existing strength in the domain.
With two mega food parks and more in the making, alongside over 30,000 operational food processing units the agro and food processing sector is also brimming with action and presents scope for investors.
A long favourite of automobile manufacturers, the state houses well-established auto-clusters and an upcoming lithium-ion battery manufacturing plant in the state which is India’s first will help contribute to the production of electric vehicles and fulfil the country’s commitment to increasing carbon-free, energy-efficient, and clean energy production.
